Mariya Paliwala

A Special Court in Mumbai has granted bail to a jeweller accused of criminal breach of trust and cheating involving alleged misappropriation of gold and diamond jewellery worth approximately ₹1.25 crore, holding that the unexplained delay in lodging the First Information Report (FIR), the nature of the underlying transaction, and the absence of criminal antecedents weighed in favour of granting bail.

The Supreme Court has dismissed the Special Leave Petition (SLP) filed by the Uttar Pradesh State GST Department by leaving undisturbed the Allahabad High Court's judgment that quashed proceedings initiated under Section 74 of the UPGST Act against the taxpayer.

Customs officers at the Air Intelligence Unit (AIU), Indira Gandhi International (IGI) Airport, New Delhi, have seized 20.760 kilograms of Hydroponic Weed (suspected ganja/marijuana) from a passenger arriving from Bangkok, dealing another significant blow to attempts to smuggle narcotic substances into India through international air routes.

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has upheld a Central Excise duty demand of over ₹55.59 lakh against a manufacturer, holding that where only a portion of manufactured goods is transferred to a sister unit while the majority is sold to independent buyers, valuation cannot be based on the cost-construction method under Rule 8 of the Central Excise Valuation Rules. Instead, the transaction value charged to independent buyers must be adopted for determining the assessable value.

The Karnataka High Court has ruled that an assessee cannot claim the benefit of a lower rate of Value Added Tax (VAT) during reassessment proceedings if such a claim was not made in the original return or through a revised return filed under the Karnataka Value Added Tax (KVAT) Act.

The Madras High Court has held that the mere cancellation of a supplier's GST registration at a later point of time cannot, by itself, justify the denial of Input Tax Credit (ITC) to a purchasing dealer without examining the documentary evidence produced by the taxpayer.

The Income Tax Appellate Tribunal (ITAT), Bangalore Benches, has ordered the consolidation of 26 appeals filed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act), in a significant procedural move aimed at ensuring uniform adjudication of common jurisdictional and legal issues.

The Madras High Court has delivered a significant ruling clarifying the tax treatment of cross-border reimbursements under the Income Tax Act and the India–Netherlands Double Taxation Avoidance Agreement (DTAA).

The Mumbai Bench of the National Company Law Tribunal (NCLT) has partly allowed an application filed by the Resolution Professional (RP) of Marvelous Metals Pvt. Ltd., directing six former directors to jointly or severally contribute ₹8.73 lakh, along with 12% annual interest if the amount is not paid within 30 days.

In a significant taxpayer-friendly initiative aimed at improving grievance redressal and enhancing taxpayer services, the Office of the Commissioner of Goods and Services Tax (GST), Aurangabad Commissionerate, has announced the commencement of weekly walk-in meetings with the Commissioner of CGST & Central Excise.