Tax Guru7h
IRP fees to be paid from date of charge till date of appointment of new resolution professional
NCLAT Chennai held that fees is payable to Interim Resolution Professional (IRP) from the date he took charge of IRP till the ...
Tax Guru6h
Closure letter was issued: CESTAT sets aside Penalty
In the order above-mentioned CESTAT allowed appeal of the assessee and held that that closure letter was already issued by ...
Tax Guru11h
Power u/s. 107(2) doesn’t permit commissioner to review order of appellate authority
Delhi High Court held that review of order passed by the appellate authority, by the Commissioner, by exercising powers ...
Tax Guru10h
Reopening of concluded assessment after issue of final certificate under DTVSV not permissible
Delhi High Court held that no provision under the Direct Tax Vivad Se Vishwas Act, 2020 [DTVSV Act] empowers Designated ...
Tax Guru10h
Duty demand due to non-fulfilment of export obligation justifiable: CESTAT Chennai
CESTAT Chennai held that duty demand due to non-fulfilment of export obligation justified as department empower to recover ...
Tax Guru10h
Notice and order issued based on suo motu PAN issued by department is unjustifiable: Patna HC
Patna High Court held that issuance of notice and passing of order based on suo motu PAN issued by department, inspite of ...
Tax Guru10h
Bill of Entry amendment for claiming benefit of duty exemption certificate after clearance of goods allowed
CESTAT Allahabad held that amendment of bill of entry under section 149 of the Customs Act, 1962 for claiming benefit of duty ...
Tax Guru10h
GST HSN Code Reporting Updates from January 2025
A will be implemented. Manual entry of HSN codes will no longer be allowed, with taxpayers required to select codes from a ...
Tax Guru15h
Gujarat HC’s Landmark Judgment on GST Levy for Assignment of Leasehold Rights
Gujarat Chamber of Commerce And Industry & Ors. Vs Union of India & Ors. (Gujarat High Court); R/Special Civil Application No ...
Tax Guru15h
GIDC Leasehold Rights and GST: Flawed Court Judgment
GIDC gives plots on lease which is a supply of service as per Schedule II of the GST Act; However, the activity of transfer ...
Tax Guru15h
Delhi HC Upholds RPM for ALP in Burberry India Case
Delhi High Court upheld RPM as the Most Appropriate Method for determining the arm’s length price (ALP) in the case of PCIT ...
Tax Guru7h
Granting opportunity of hearing not mandatory for Local Committee on High Pitched Scrutiny Assessment
Madras High Court held that Local Committee on High Pitched Scrutiny Assessment are not required to grant an opportunity of being heard as there is no provisions laid down in the SOP. Accordingly, ...