Daily Archive: September 15, 2020

JUSTICE N.ANAND VENKATESH WP.No.10712/2020 & WMP.No.13011/2020 1—If such stringent actions are not taken, the black sheeps will go scot-free and this type of illegal activities will continue and ultimately, it will have a direct impact on the public interest. This Court, therefore, expects the State to act with alacrity immediately after the receipt of this order.

[9/15, 16:02] Sekarreporter 1: WP.No.10712/2020 IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on 10.09.2020 Pronounced on 15.09.2020 CORAM THE HONOURABLE MR. JUSTICE N.ANAND VENKATESH WP.No.10712/2020 & WMP.No.13011/2020 1.K.Saraswathi 2.K.Balan @ Vijayakumar .....

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Judge Ananth venkadesh —If the State finds that private parties are also involved in this illegal act, criminal complaint shall be initiated and they should be brought to books. If such stringent actions are not taken, the black sheeps will go scot free and this type of illegal activities will continue and ultimately, it will have a direct impact on the public interest.

[9/15, 14:59] Sekarreporter 1: WP.Nos.10912, 10920 & 11535/2020 IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on 10.09.2020 Delivered on 15.09.2020 CORAM THE HONOURABLE MR. JUSTICE N.ANAND VENKATESH WP.Nos.10912, 10920 & 11535/2020 and...

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Judge G.R.Swaminathan said that the respondents are directed to assess and permit the provisional release of the goods in question upon payment of applicable duties of customs subject however to the eventual adjudication. The respondents shall release the goods after assessing and collecting the customs duty and other charges provisionally within a period of three weeks from the date of receipt of a copy of this order.

Logo HEADLINES Detention Order can’t be quashed merely on grounds of delay in execution of Detention Order: Delhi High Court [Read Judgment] Relief to Cummins: CESTAT directs Adjudicating Authority to grant Refund of Service...

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Justice M.S. Ramesh set aside the impugned order and the issue with regard to restriction of the amount of Input Tax Credit for prior sufferance of taxes is remanded back to the Assessing Officer for fresh consideration.

Logo HEADLINES No Retrospective effect for Customs Notification increasing Duty on Peas: Madras High Court [Read Judgment] GSTN enables Reconciliation Tool for matching GSTR-2B with Purchase Register AO may call for objection in respect...

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The Madurai Bench of Madras High Court consisting of Justice M Sathyanarayan and Justice P Rajamanickam, while dismissing an appeal filed by The Commissioner of Customs, Tuticorin against M/S. Shadi Ram & Sons Pvt. Ltd. under Section 130 of the Customs Act, 1962, held that there is no retrospective effect for the notification where the Government hiked the basic customs duty on peas and wheat.

Logo HEADLINES NAA finds Inox Leisure Guilty of Profiteering, No Penalty imposed No Retrospective effect for Customs Notification increasing Duty on Peas: Madras High Court [Read Judgment] GSTN enables Reconciliation Tool for matching GSTR-2B...

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THE HONOURABLE MR. JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MRS. JUSTICE V.BHAVANI SUBBAROYAN. –in the case of the assessee being an individual, the long term capital gains arising on the transfer of a residential house will be exempt from income tax if the assessee has, within a period of one year before or after that date either purchased or within a period of three years after that date constructed a residential house. For this purpose, the long term capital asset means a capital asset, which is not a short term capital asset.” 16. From the above, it is clear that the intention of the Legislature was to either purchase before or after the date of sale and the word ‘purchased’ or ‘constructed’ used in the Notes on Clauses amply makes the intention clear. In the light of the above discussions, we hold that the substantial question of law is required to be answered in favour of the assessee. 17. In the result, the above tax case appeal is allowed and the substantial question of law is answered in favour of the assessee. No costs.

[9/15, 10:02] Sekarreporter 1: TCA.No.181 of 2019 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 17.8.2020 CORAM THE HONOURABLE MR. JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MRS. JUSTICE V.BHAVANI SUBBAROYAN TAX CASE APPEAL...

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