Shilpa Shetty secured partial relief as the Income Tax Appellate Tribunal ordered fresh examination of her Rs 12.5 crore gift dispute, directing the Assessing Officer to reassess evidence under Section 68 after granting opportunity to establish genuineness.
The Supreme Court granted NewsClick a one-week protection from any coercive action over a tax demand. A bench led by Chief Justice of India Sanjiv Khanna, however, rejected a writ petition filed by PPK Newsclick Studio Pvt Ltd. The petition was filed directly under Article 32 of the Constitution. The court’s decision provides temporary relief but does not settle the tax dispute.
The Bombay High Court ruled in favor of Patanjali Foods, allowing the company to avoid paying a Rs. 62 lakh customs duty by completing their customs clearance just before a tariff hike. The Court annulled the reassessment of customs duty and instructed Patanjali to submit a refund application, ultimately leading to significant savings for the company.