Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
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Failure to issue a show cause notice within the period prescribed under s.110(2) of the Customs Act, 1962 was held to vitiate continued retention of seized Indian currency, since any seizure effected under s.110(1) mandatorily attracts strict compliance with s.110(2) irrespective of whether the currency was seized from a passenger or otherwise; consequently, the seizure memo was quashed and return of the currency was directed. On ownership, the petitioner's claim was accepted on the basis of supporting documents including tax return and balance sheet, with the undisputed familial relationship to the person from whose custody the currency was recovered; consequently, release was ordered within eight weeks. - HC
Failure to issue a show cause notice within the period prescribed under s.110(2) of the Customs Act, 1962 was held to vitiate continued retention of seized Indian currency, since any seizure effected under s.110(1) mandatorily attracts strict compliance with s.110(2) irrespective of whether the currency was seized from a passenger or otherwise; consequently, the seizure memo was quashed and return of the currency was directed. On ownership, the petitioner's claim was accepted on the basis of supporting documents including tax return and balance sheet, with the undisputed familial relationship to the person from whose custody the currency was recovered; consequently, release was ordered within eight weeks. - HC
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