NCLAT ruled that commercial borrowing with agreed interest constitutes financial debt even without a formal loan ...

The Court examined whether diesel used through service providers could escape VAT liability. It held that in the absence of proof of purchases from registered dealers, VAT was rightly ...

The Court held that electrically operated golf carts were exempt from Infrastructure Cess under the applicable notification. Re-assessment was directed as a prerequisite to refund where excess duty ...

Supreme Court held that deduction under section 36(1)(viii) of the Income Tax Act is not general exemption. Such deduction is specific incentive attached strictly to the profits arising from a defined ...

The Tribunal held that delayed PIMS registration, when completed before clearance, is a procedural lapse. Confiscation and penalty were set aside as the import was not in substantive violation of ...

The ROC held that issuing offers and allotting shares in breach of Rule 14 amounts to substantive violations of Section 42, ...