The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has overturned a service tax demand of ₹16.07 crore issued to the Central Board of Secondary Education (CBSE), holding that the affiliation fee charged to schools is not consideration Read more…
Category: Legal News
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad has ruled that transportation of goods by road cannot be taxed as Goods Transport Agency (GTA) service when no consignment note is issued. The Tribunal set aside service tax demands Read more…
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata has overturned a central excise duty demand of ₹97.97 lakh raised against Vikromatic Steels Pvt. Ltd. and revoked the penalties imposed on the company and its director. The Tribunal held Read more…
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Kolkata has ruled that face recognition access control terminals fall under Customs Tariff Heading 8471 as Automatic Data Processing (ADP) Machines, rejecting the department’s stand that the devices should be classified Read more…
The Delhi Bench of the Income Tax Appellate Tribunal has ruled that a foreign company is not required to file an income tax return in India when its interest income is fully subjected to tax deduction at source under the Read more…
The Pune Bench of the Income Tax Appellate Tribunal has ruled that the Black Money (Undisclosed Foreign Income and Assets) Act, 2015 applies only in the year when a foreign asset first comes to the Assessing Officer’s knowledge, rather than Read more…
The National Company Law Tribunal (NCLT), Mumbai Bench VI, has admitted an insolvency application filed by Tata Capital Housing Finance Limited against Dharan Infra-EPC Limited, initiating the Corporate Insolvency Resolution Process (CIRP) after finding a financial default exceeding ₹28 crore. Read more…
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the first motion of the proposed amalgamation between Adani Harbour Services Limited and its holding company, Adani Ports and Special Economic Zone Limited, paving the way for the merger to Read more…
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the reduction of share capital of Realtime Taxsutra Services Pvt. Ltd., the company that operates the digital tax intelligence platform “Taxsutra”. The Tribunal held that the proposed reduction complied with Read more…
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a ₹900 crore resolution plan submitted by Ashdan Properties Pvt. Ltd. for the revival of Rolta India Ltd., reiterating that once a resolution plan meets the requirements of the Insolvency Read more…