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Highlights / Annotations / Catch Notes For July of 2024

Home Highlights July July 2024 Year 2024

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Showing 351 to 400 of 998 Records

1 ....4 5 6 789 10 11 12........ 20

July 23, 2024 Case Laws Indian Laws SC

Speedy trial a must; bail can't be denied solely on serious charges. Courts to uphold Article 21 over restrictive laws.
July 23, 2024 Case Laws Indian Laws SC

Criminal case quashed due to complainant's financial inability despite arbitration clause. Dispute arose from work delay, GST impact.
July 22, 2024 Case Laws GST HC

High Court dismissed challenge to 100% penalty order u/s 74 GST law. Limited scope under Art 226. No relief. Raise grievances via appellate remedy.
July 22, 2024 Case Laws GST HC

Tax liability of legal rep under CGST Act questioned. Court quashed order, remitted case for fresh hearing allowing petitioner to defend.
July 22, 2024 Case Laws GST HC

Notices/endorsements issued to non-existent entity quashed. Respondents free to pursue proceedings against appropriate entity as per law.
July 22, 2024 Case Laws GST HC

EOU entitled to IGST refund u/r 89 on exports, not u/r 96. Procedural lapses can't deny legitimate export incentives. Order set aside.
July 22, 2024 Case Laws GST HC

Navaratan Oil, Gold Turmeric Cream classified as drugs; Boroplus Cream as drug, not cosmetic; Sonachandi Chavanprash not a drug
July 22, 2024 Case Laws GST HC

Tax demand quashed due to lack of natural justice. Petitioner to remit 10% tax within 2 weeks for reconsideration.
July 22, 2024 Case Laws GST HC

Refund application dismissed. Option to pay or contest seizure. Chose payment, skipping adjudication. Delayed 7 years after release.
July 22, 2024 Notifications SEBI

SEBI amends AIF Regulations, adds new chapter for migrated venture capital funds with eligibility criteria, investment norms & restrictions.
July 22, 2024 Notifications Money Laundering

Reporting entities must obtain KYC Identifier, retrieve & update KYC records from Central Registry for client due diligence.
July 22, 2024 Notifications Customs

Govt imposes 17.57% countervailing duty on radial tyres above 16" for buses/trucks from China for 5 yrs to protect domestic industry.
July 22, 2024 Notifications Customs

Duty credit extended to SEZ units exporting under RoDTEP Scheme. Shipping bill/export bill required from 1st July 2024.
July 22, 2024 Circulars SEBI

Master Circular regulates ESG Rating Providers. Specifies requirements, obligations. Board responsible for compliance.
July 22, 2024 Circulars SEBI

SEBI allows ESG Rating Providers to rate products/issuers in IFSC under IFSCA guidelines. Aims to protect investors & promote market.
July 22, 2024 Circulars SEBI

SEBI allows CRAs to rate under IFSCA norms. IFSCA to oversee CRAs' IFSC ops, complaints & enforcement. Effective immediately.
July 22, 2024 Case Laws GST HC

ITC denied on commodities & cancelled dealers' supplies. Petitioner showed invoices, bills & returns. Order lacked findings, wrongly demanded lorry receipts. HC remanded, allowed fresh reply.
July 22, 2024 Case Laws GST HC

Delay in filing appeal rejected, mismatch in GSTR returns. HC directs appellate authority to consider appeal on merits if re-presented within 10 days.
July 22, 2024 Case Laws Income Tax HC

Tribunal dismissed appeal ex-parte; HC found no fault of assessee, remanded appeal back for fresh hearing on merits.
July 22, 2024 Case Laws Income Tax AT

Assessee's real estate income estimated at 8% turnover. 40% receipts allowed as agricultural income due to lack of documentation. Appeal partly allowed.
July 22, 2024 Case Laws Income Tax HC

Monetary limit not breached for 2006-07 to 2010-11, appeals dismissed. For 2011-12 & 2012-13, exemption u/s 12AA allowed.
July 22, 2024 Case Laws Income Tax AT

Reopening invalid: Unverified info, retracted statement, no independent inquiry. AO failed to verify evidence. Mere suspicion, no legal basis.
July 22, 2024 Case Laws Income Tax AT

Income duly accounted, corroborated by audits & returns. No unexplained investments/expenses. Rent, contractor payments substantiated. CIT(A) & ITAT upheld assessee's stand.
July 22, 2024 Case Laws Income Tax AT

Disallowances u/s 40(a)(ia) partly upheld. Arm's length pricing adjustments directed. Education cess disallowed. Stock exchange charges allowed.
July 22, 2024 Case Laws Income Tax AT

Reopening beyond 4 yrs invalid due to lack of evidence of non-disclosure. Deemed dividend u/s 2(22)(e) not required to be declared.
July 22, 2024 Case Laws Income Tax AT

Deduction u/s 57 against income u/s 56 disputed. Expenses apportionment challenged. Remanded to verify assessee's formula consistency. If consistent, no addition.
July 22, 2024 Case Laws Income Tax AT

Charitable entity granted exemption u/ss 11 & 12 for conducting exhibitions sans commercial intent. Accumulation sans Form 10 condoned. Prior period expenditure allowed.
July 22, 2024 Case Laws Income Tax AT

Interest/dividend income from co-op banks deductible u/s 80P(2)(d) for co-op societies. Allow deduction for interest earned from co-op banks.
July 22, 2024 Case Laws Customs HC

Bail granted despite recovery of diamonds & foreign currencies due to non-communication of grounds in known language, violating Art. 22(5). (5)
July 22, 2024 Case Laws Customs AT

Iron ore export duty paid excess, Fe content <62% on WMT basis. Refund ordered as per precedents. Impugned orders set aside.
July 22, 2024 Case Laws Customs AT

Helicopter import exempted from customs duty under condition 104 if used for non-scheduled air transport services.
July 22, 2024 Case Laws Customs AT

Refund claim not barred by limitation if paid under protest. Sec 27 recognizes protest payment, not vacation. Excludes penalty/fine refunds.
July 22, 2024 Case Laws Insolvency and Bankruptcy AT

Dismissal of salary arrears claim for 103 employees. No double payment. RP not liable for CoC-approved payments during CIRP.
July 22, 2024 Case Laws Service Tax HC

Drilling bore wells for agriculturists claimed exemption under negative list. Court upheld revenue's jurisdiction to issue show cause notice invoking extended period after inquiry.
July 22, 2024 Case Laws Central Excise HC

Reversal of Cenvat credit for exempted goods with interest allowed; Revenue can't demand 10% of exempted value if opted for reversal.
July 22, 2024 Case Laws Central Excise AT

Excess duty refund denied due to unjust enrichment. Appellants failed to prove non-passing of excess duty to customers.
July 22, 2024 Case Laws VAT and Sales Tax HC

Tribunal order quashed for violating natural justice. Delay grounds ignored. Rehearing ordered on lack of order communication.
July 22, 2024 Case Laws Indian Laws SC

Concession agreement is a lease, stamp duty payable on lessee's amount spent, not entire project cost. Amendment valid.
July 22, 2024 Case Laws Indian Laws HC

Broker sought bail in fake Demat accounts case. Court: No direct role proven, granted bail after 5 months custody on conditions.
July 20, 2024 Case Laws GST HC

Petitioner's refund amount error excused due to portal glitch. Respondents ordered to pay interest on delayed refunds.
July 20, 2024 Case Laws GST HC

Retrospective GST registration cancellation for non-filing returns violates natural justice. Cancellation must cite reasons. Registration cancellation effective from notice date, not retrospective.
July 20, 2024 Case Laws GST HC

Extraordinary writ jurisdiction can't exclude time for appeal filing. Reagitating decided issues is abuse of process & relitigation.
July 20, 2024 Case Laws GST AAAR

Motor vehicles for demo by dealers not eligible for input tax credit. Treated as capital goods, not stock for sale.
July 20, 2024 Case Laws GST AAR

Works supervised by applicant, material/installation cost by recipient. Applicant charges supervision fees only. GST payable on supervision charges.
July 20, 2024 Case Laws GST AAR

Non-edible neem oil falls under HSN 1515 90 20, not fertilizers. Remains neem oil despite chemical modification. No ITC refund allowed.
July 20, 2024 Case Laws GST AAR

Vouchers purchased & sold by applicant qualify as movable goods. No service element. Vouchers' title transfer = supply of goods u/s 7(1)(a). Taxable @ 9% CGST & UPGST.
July 20, 2024 Case Laws Income Tax HC

Authorities can't revise Tribunal's order due to merger, judicial discipline & res-judicata principles. Tribunal settled deduction entitlement in assessee's favor.
July 20, 2024 Case Laws Income Tax HC

Notices u/s 148 by Joint Assessing Officer invalid due to lack of jurisdiction per Sec 151A & Mar 2022 notification. Hexaware case cited.
July 20, 2024 Case Laws Income Tax HC

FERA proceedings dropped, IT additions relying on seized docs untenable. Tribunal rightly denied additions for unrelated years.
July 20, 2024 Case Laws Income Tax HC

No TDS on discounts to franchisees under Sec 194H. Victory for assessee.

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