Judgements and Orders, Supreme Court and High courts of India

Held by the Hon`ble Court that, it is well settled law that while disposing of an appeal , the authority must record reason of its decision. Therefore it is not justified in law to dispose of an appeal without recoding any reason.

The assessee was a registered merchant exporter. On receipt of orders directly from abroad it purchased goods from various parties including some purchases made from EOU units. These units were entitled to deduction under s.10B. The benefits only und

The assessee was manufacturing and trading in consumer electronic and trading in consumer electronic and home appliances. It outsourced manufacture of these articles from various concerns referred to as OEMs. The OEMs purchased raw materials on their

Rule 4, read with rule 2(p), of the Cenvat Credit Rules, 2004 - Conditions for allowing CENVAT credit - Period from July, 2005 to September, 2005 - Assessee-company paid service tax in respect of ‘Goods transport agency’s service’ received for inward

Section 65 of the Finance Act, 1994, read with section 35F of the Central Excise Act, 1944 - Business auxiliary service - Period from October, 2003 to February, 2005 - Whether where assessee was engaged in collecting payments on behalf of its clients

Section 65 of the Finance Act, 1994 - Banking and other financial services - Period from 2002-03 to 2003-04 - Whether a company can be said to be rendering banking and other financial services only if its transactions with customers are of a financia

Section 391, read with section 394, of the Companies Act, 1956 - Compromise and arrangement - Whether valuation of shares following book value method is accepted as a proper mode of valuation of shares and it cannot be said to be illusory - Held, yes

Section 399, read with sections 397 and 398, of the Companies Act, 1956 - Oppression and mismanagement - Whether when shareholding of a petitioner is reduced below 10 per cent due to further allotment of shares and such allotment itself is impugned i