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Smuggling - Gold, with Swiss markings - Contraband item - Validity of Seizure and Evidentiary Value of...
Smuggling - Gold, with Swiss markings - Contraband item - Validity of Seizure and Evidentiary Value of the Sworn Statement - The court found the seizure to be valid under the Customs Act, emphasizing ... ...
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Smuggling - Gold - baggage rules - The petitioners, a husband and wife, returned to India from the...
Smuggling - Gold - baggage rules - The petitioners, a husband and wife, returned to India from the United States and were stopped by customs officials upon arrival. The officials found the wife wearin... ...
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Right of the Purchaser of confiscated vessel in an action - Direction to issue No Due Certificate (NDC)...
Right of the Purchaser of confiscated vessel in an action - Direction to issue No Due Certificate (NDC) in relation to subject vessel MSV Safina Al-Miraz to the Petitioner and permit the Petitioner to... ...
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Seeking review of order - error apparent on the face of record or not - The court acknowledged the...
Seeking review of order - error apparent on the face of record or not - The court acknowledged the existence of the amendment to Paragraph 9.3 of the Handbook of Procedures and recognized its relevanc... ...
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Absolute confiscation of gold - The case involved the confiscation of gold by customs authorities from a...
Absolute confiscation of gold - The case involved the confiscation of gold by customs authorities from a jeweler, who contested the allegations of smuggling and illegal importation. The appellant prov... ...
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Intention and Compliance with Notification Conditions - Import and sale of Motor Spirit, commonly known...
Intention and Compliance with Notification Conditions - Import and sale of Motor Spirit, commonly known as Petrol - Availing of a concessional rate of Countervailing Duty (CVD) - intention' at the tim... ...
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Classification of imported goods - Agricultural Reaper - Spare parts of Reaper - classifiable under CTH...
Classification of imported goods - Agricultural Reaper - Spare parts of Reaper - classifiable under CTH 84672900 and 84679900 respectively (Revenue) or under CTH 84331190 and 84339000 respectively? - ... ...
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The Appellate Tribunal addressed multiple issues raised in the appeals concerning the classification of...
The Appellate Tribunal addressed multiple issues raised in the appeals concerning the classification of Rubber Processing Oil (RPO), enhancement of its imported value, mis-declaration of the country o... ...
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Classification of exported goods - Abrasive Mesh - The Tribunal observed that the lower authorities...
Classification of exported goods - Abrasive Mesh - The Tribunal observed that the lower authorities failed to address the Appellant's submissions adequately. Specifically, they did not justify the den... ...
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Levy of penalty - Misclassification - nature of imported goods as Dried Garlic or not - Regarding the...
Levy of penalty - Misclassification - nature of imported goods as Dried Garlic or not - Regarding the classification of the goods, the Tribunal upheld the appellant's argument, stating that the mentio... ...
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Levy of penalty for delay in Submission of Documents - finalization of the provisional assessments - The...
Levy of penalty for delay in Submission of Documents - finalization of the provisional assessments - The Tribunal acknowledged the delay in document submission but noted that eventually, all necessary... ...
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Recovery proceedings by SEBI - Maintainability of provisions of IBC over the provisions of the SEBI Act...
Recovery proceedings by SEBI - Maintainability of provisions of IBC over the provisions of the SEBI Act - The High Court affirmed the decision of the Single Judge, stating that no moratorium was in fo... ...
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Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan -...
Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan - The judgment highlights the NCLAT's approach to balancing the interests of creditors and debtors... ...
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SVLDRS - Rejection of the Petitioner’s Application filed under Sabka Vishwas (Legacy Dispute Resolution)...
SVLDRS - Rejection of the Petitioner’s Application filed under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Despite repeated directives from the court, the respondent failed to file a repl... ...
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Export of service - “intermediary service” or not - service rendered by the appellant to overseas...
Export of service - “intermediary service” or not - service rendered by the appellant to overseas universities/colleges - The Tribunal found that the appellant's services fit the criteria for "export ... ...
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Time Limitation - Curable Defect - Electronic Filing Compliance - Procedural Compliances vs. Substantive...
Time Limitation - Curable Defect - Electronic Filing Compliance - Procedural Compliances vs. Substantive Rights: - The High Court found that the petitioners complied with the e-filing requirements, ev... ...
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The notification introduces amendments to Para 10.08 of Chapter 10 of FTP 2023, outlining two...
The notification introduces amendments to Para 10.08 of Chapter 10 of FTP 2023, outlining two significant provisions: (1) General Authorization for Export of Telecommunication-related items (GAET): Th... ...
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Notification No. 36/2024 grants tax exemption to the National Mission for Clean Ganga (NMCG) for...
Notification No. 36/2024 grants tax exemption to the National Mission for Clean Ganga (NMCG) for specified incomes, including grants-in-aid and interest earned on bank deposits. The exemption is subje... ...
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GST demand cannot be raised based on figures in Profit and Loss Account
The Hon ble Madras High Court in the case of M/S. RALCO SYNERGY PVT. LTD. (REPRESENTED BY ITS DIRECTOR SHRI. RAJU SUREKA) VERSUS THE JOINT COMMISSIONER OF STATE TAX INTELLIGENCE - I, CHENNAI, THE STAT... ...
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PRESUMPTIVE TAXATION FOR BUSINESS
Presumptive basis Section 44AD (1) of the Income Tax Act, 1961 ( Act for short) provides that an eligible assessee engaged in eligible business may be allowed to compute his business income on presump... ...