The Supreme Court has ruled that goods moved from Domestic Tariff Areas (DTA) to Special Economic Zones (SEZ) are domestic supplies, not exports. The verdict relieves companies like Adani Power from export duty disputes under the Customs Act, 1962.
The Supreme Court granted interim relief to NewsClick in two income tax dispute cases, after the portal had already deposited 30 percent of the assessed amount with the tax department. The court questioned the freezing of NewsClick’s account and stayed any further recovery of the disputed tax amount. This comes after a series of legal battles and rejected pleas.
Today (20th March): The Congress party has taken the Income Tax reassessment matter to the Delhi High Court, urging for an urgent hearing. The party’s legal representatives stated that the authorities have reopened assessments for four years. This comes after the Income Tax Appellate Tribunal rejected a plea to stay a notice demanding over Rs 100 crore in outstanding taxes.
Today (12th March): The Delhi High Court has deferred its verdict on the Congress party’s petition seeking a stay on the Income Tax Department’s notice demanding over Rs 105 crore in taxes. The court indicated no apparent flaws in the Income Tax Appellate Tribunal’s ruling. The Congress argued urgency due to the upcoming elections. The party’s frozen accounts were central to the dispute.