CENEX UPDATE – 07.10.2020

CX - s.35D(3) of CEA, 1944 - Single Member Bench has jurisdiction to decide the issue of interest irrespective of monetary limit: CESTAT

ST - Fulfilment of obligation to contribute to the capital of the joint venture is beyond the scope of taxation under Finance Act, 1994 as it does not amount to consideration: CESTAT

Cus - Delay of 212 days in filing appeal is condoned, where attributable to mix up of documents in the office of the assessee's counsel & where there is no deliberate delay on assessee's part: CESTAT