Tax
CESTAT Delhi Quashes Customs Duty Demand On Bharti Airtel In Router Parts Classification Dispute
The Customs, Excise and Service Tax Appellate Tribunal, New Delhi, on Tuesday quashed the levy of differential customs duty on telecom major Bharti Airtel Limited. It held that the imported router components were classifiable as “parts of routers” and not as “Network Interface Cards (NICs) or standalone communication apparatus” under the customs tariff. A coram comprising...
Can Service Tax Be Levied On Transfer of Development Rights? Delhi High Court To Decide
The Delhi High Court on Monday took up a Revenue appeal that squarely raises the question of whether the transfer of development rights constitutes a taxable service under the Finance Act, 1994. A Division Bench of Justices Nitin Wasudeo Sambre and Ajay Digpaul issued notice in an appeal filed by the Service Tax Department against an order of the Delhi Customs, Excise and Service Tax...
CESTAT Chandigarh Restores Customs Broker Licence Over Violation Of Regulatory Timelines
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) at Chandigarh has set aside the suspension of a customs broker's licence after finding that the authorities themselves failed to follow the timelines laid down under the Customs Broker Licensing Regulations, 2018. Calling the delay fatal, the tribunal directed that the licence be restored within four weeks. A coram of...
Business Law Daily Round-Up: January 06, 2026
TAX HSNS Cess Rules Notified: Pan Masala Makers to Pay Levy Based on Installed Machines From Feb 1ITAT Mumbai Sets Aside ₹2.28-Crore Capital Gains Tax on Housing Society For Developer Payments To MembersAmendments To Income Tax Appellate Tribunal Rules Mandate Digital Signatures For Filing AppealsBihar Excise Act | Patna High Court Reduces Penalty From 50% To 30% For Release Of Rental...
CGST |Tripura High Court Reads Down Section 16(2)(c), Shields Bona Fide Buyers From ITC Denial
The Tripura High Court has read down Section 16(2)(c) of the Central Goods and Services Tax Act, 2017, holding that while Input Tax Credit can be claimed only if the tax charged by the supplier is paid to the Government, the provision cannot be applied to deny credit to a bona fide purchaser for the supplier's default.A Division Bench of Chief Justice M S Ramachandra Rao and Justice S...
Income Declared Under VDIS Can Still Be Scrutinised If Higher Income Is Found: Madhya Pradesh High Court
The High Court of Madhya Pradesh at Jabalpur recently held that declaring income under the Voluntary Disclosure of Income Scheme, 1997 does not stop the income tax department from checking whether the correct income was disclosed, even though the scheme protects the assessee from being questioned about the source of that income. A Division Bench of Justice Vivek Rusia and Justice Pradeep...
Reassessment Notice To Non-Existent Firm Invalid: Bombay High Court Reiterates
The Bombay High Court has reiterated that proceedings initiated against a non-existent entity are invalid in law. A Division Bench of Justices B.P. Colabawalla and Amit S. Jamsandekar set aside a reassessment notice and a consequential assessment order issued under the Income Tax Act against a partnership firm that had merged into a private limited company years earlier. The case concerned...
Bihar Excise Act | Patna High Court Reduces Penalty From 50% To 30% For Release Of Rental Car Seized With Liquor
The Patna High Court has slashed a 50 percent penalty imposed for releasing a rental car seized with nearly 318 litres of liquor. It ordered that the vehicle be released on payment of 30 percent of its insured value and struck down an additional 3 per cent charge as illegal. A Division Bench of Justice Rajeev Ranjan Prasad and Justice Sourendra Pandey noted that the vehicle owner was not...
Amendments To Income Tax Appellate Tribunal Rules Mandate Digital Signatures For Filing Appeals
The Ministry of Law and Justice has recently notified changes to the Income-tax (Appellate Tribunal) Rules, 1963, making the use of digital signatures compulsory for filing appeals before the Income Tax Appellate Tribunal (ITAT). The changes have been brought in through the Income-tax (Appellate Tribunal) Amendment Rules, 2025. Under the amended rules, appeals must now be filed...
ITAT Mumbai Sets Aside ₹2.28-Crore Capital Gains Tax on Housing Society For Developer Payments To Members
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a Rs 2.28 crore capital gains tax addition against Colombia Co-operative Housing Society, holding that redevelopment compensation paid directly to individual members cannot be taxed as the society's income.The ITAT held that amount paid by a developer directly to individual members of a co-operative housing society...
HSNS Cess Rules Notified: Pan Masala Makers to Pay Levy Based on Installed Machines From Feb 1
The Ministry of Finance has notified the Health Security & National Security (HSNS) Cess Rules, 2026, on January 1, setting out the procedure for levying a new cess on machines installed and processes undertaken for the manufacture of pan masala. The cess will come into force on February 1, 2026, and the collections will be used to fund national security and public health...
Business Law Daily Round-Up: January 05, 2026
TAX Mandatory Pre-Deposit For Customs Appeal Cannot Be Waived For Financially Sound Appellant: Karnataka High CourtMere Apprehension of Business Loss In State Does Not Confer Writ Court Territorial Jurisdiction: Calcutta High CourtCustoms Cannot Withhold Part Of Consignment After Accepting Full Bond, Guarantee : CESTAT KolkataHotels Can Now File Specified Premises Opt-In Online On GST...