Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Orissa High Court has ruled that Section 45(3) of the Customs Act does not apply to goods lost due to natural disasters, setting a clear legal precedent in such scenarios.
The CBIC has introduced a uniform Deficiency Memo format for processing drawback claims under Section 74, promoting consistency and efficiency across Customs formations.
The Gujarat High Court determined that transitional ITC carried under Section 140 cannot be refunded under Section 54(3), reinforcing the distinction between ITC utilization and cash refund.
The Madras High Court ruled that the sprinkling of jaggery water on raw tobacco does not constitute manufacturing, thus setting aside the demand for higher compensation cess.
The Gujarat AAR has determined that paper bags classified under HSN 48194000 are subject to a 5% GST, clarifying the tax implications for manufacturers and suppliers.
As GST marks nine years, it has brought considerable revenue benefits and compliance measures, yet it faces ongoing challenges necessitating reform. The article highlights various areas needing attention for future improvements.
Chennai Sessions Court upheld the rejection of bail under Section 132 of the CGST Act, citing non-cooperation and substantial prima facie evidence.
Gujarat HC held that transitional ITC under Section 140 is not subject to cash refunds under Section 54(3), but remains available for utilization.
The ITAT has partly allowed an appeal, citing the Assessing Officer's lack of independent inquiry before making additions under Section 69.
The ITAT quashed a penalty imposed under Section 271G, recognizing substantial compliance in diamond trade documentation as sufficient grounds for relief from penalties.
The ITAT has restored an appeal, confirming that disallowance under Section 14A cannot exceed the amount of exempt income, referencing precedent cases in its ruling.
The ITAT has ruled that rectification proceedings under Section 154 cannot be used to address TDS deductions that require detailed inquiries. This decision clarifies limitations on rectification applications.