This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from April 20th, 2024 to May 3rd, 2024. SUPREME COURT Compounding of Offence u/s 137 of
The Delhi High Court has set aside the Competition Commission of India's (CCI’s) order, stating that failure to adhere to notice provisions incurs liability for penal interest. The proceedings were initiated against Petitioner No.1/Geep Industries
The Kerala High Court quashed the review petition in the matter regarding the payment of turnover tax @ 5% on parcel sales authorised by Government during Covid lock down. The Court after hearing the Counsel
In a significant case, the Delhi High Court quashed the order passed under Section 148(A)(d) of Income Tax Act and observed that the reassessment proceedings of the assessment year 2015-16 had already concluded. The petitioner
The Rajasthan High Court accepts the appeal on the issue of credit on input in stock when the final product is exemplified. The court issued a notice of admission of appeal to the respondents on
On 25th April 2024 the Institute of Chartered Account of India ( ICAI ) announced the commencement of the 2nd batch of live virtual Classes under new scheme for Chartered Accountant Foundation/Intermediate /Final September/November 2024
The Kerala High Court dismissed review petition in the matter regarding the remission of GST as per time extended for filing return by the bar attached hotels. The review petition has been filed seeking review
The Kerala High Court recently held that the assessing authority adjudicating issue afresh on remand from the Appellate Authority, cannot ignore time limit under the Income Tax Act, 1961. The petitioner, an assessee under the
The Kerala High Court held that the Appellate Authority under the Goods and Service Tax Act, 2017 (GST Act) is empowered to make further enquiry after deciding that order is erroneous. The present writ petition
The allegation of a leaked Multiple Choice Questions (MCQs) of an Institute of Chartered Accountants of India (ICAI) Exam - Financial Reporting [FR] of the May 2024 Final Exams has sparked heated discussions on Social
The Central Board of Indirect taxes and Customs ( CBIC ), vide notification 05/2024-Customs (ADD) dated 14th March 2024 has decided to continue to levy the Anti Dumping Duty ( ADD ) on Ethylene Vinyl Acetate
In a major relief to the All India Fine Arts and Crafts Society (AIFACS), the Supreme Court of India dismissed a special leave petition (SLP) filed by the Income Tax Department on non-explanation of delay
The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) dismissed an appeal regarding the conversion of shipping bills from the Drawback Scheme to the Advance License Scheme after availing Drawback benefits. The decision
The Uttar Pradesh Goods and Services Tax ( GST ) Department has recently issued a Circular clarifying the procedure for determining the jurisdiction of traders registered in various corporate circles across the state. The circular,
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed appeal citing a lack of proper explanation for the 726-day delay. The appeal is time barred by 726 days. The order of
