Customs Valuation once accepted in writing shall be deemed to be binding Transaction Value: CESTAT affirms Penalty
The Customs, Excise, Service Taxes Appellate Tribunal (CESTAT), New Delhi Bench while affirming the penalty ruled that Customs Valuation once...
![Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/business-loss-speculative-loss-ITAT-penalty-Taxscan.jpg "Change in Nature of Loss from Business Loss to Speculative Loss not enough to impose Penalty: ITAT [Read Order]")
![Delhi High Court quashes Re-assessment Notice for breach of Principles of Natural Justice [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Delhi-High-Court-re-assessment-notice-principles-of-natural-justice-Taxscan.jpg "Delhi High Court quashes Re-assessment Notice for breach of Principles of Natural Justice [Read Judgment]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
Govt. notifies Extension of Validity of Documents related to Motor Vehicles, considers relaxation in Fees / Taxes
The Government notified the extension of the Validity of documents related to the Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 and further considered relaxation in Permit...
![Supreme Court quashes NCLAT order reinstating Cyrus Mistry as Chairperson of Tata Sons [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-NCLAT-order-Cyrus-Mistry-Chairperson-Tata-Sons-taxscan.jpg "Supreme Court quashes NCLAT order reinstating Cyrus Mistry as Chairperson of Tata Sons [Read Judgment]")
GST Commissioner allows CENVAT Credit of Service Tax paid on Outward Transportation of Finished Goods [Read Order]
The Commissioner of Central Goods and Service Tax (CGST) allowed the CENVAT Credit of service tax paid on outward transportation of the finished goods. The enquiry was made by JRO regarding...
![GST Commissioner allows CENVAT Credit of Service Tax paid on Outward Transportation of Finished Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-Commissioner-CENVAT-Credit-service-tax-outward-transportation-of-the-finished-goods-Taxscan.jpg "GST Commissioner allows CENVAT Credit of Service Tax paid on Outward Transportation of Finished Goods [Read Order]")
Delhi Govt notifies Granting GST refund to Retail Outlets in Departure Area of International Airport [Read Notification]
The Delhi Government notified the GST refund to retail outlets in the departure area of international airports. The Governor of the National Capital Territory of Delhi, on the recommendations of...
![Delhi Govt notifies Granting GST refund to Retail Outlets in Departure Area of International Airport [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/GST-refund-GST-refund-retail-outlets-departure-area-international-airport-Delhi-Government-Taxscan.jpeg "Delhi Govt notifies Granting GST refund to Retail Outlets in Departure Area of International Airport [Read Notification]")