After 7-year wait, GST Appellate Tribunal may finally be operational soon moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The functioning of SAT which hears appeals against orders by the capital markets regulator is likely to be affected after the retirement of the presiding officer. SAT has a sanctioned strength of three judges. The lack of a presiding officer will lead to an increase in litigation as appeals filed before SAT against adjudication orders passed by Sebi will remain pending, said securities lawyers.
The functioning of SAT which hears appeals against orders by the capital markets regulator is likely to be affected after the retirement of the presiding officer. SAT has a sanctioned strength of three judges. The lack of a presiding officer will lead to an increase in litigation as appeals filed before SAT against adjudication orders passed by Sebi will remain pending, said securities lawyers.
The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that Hindustan Coca-Cola did not recover excise duty from their customers and is not hit by the bar of unjust.
The Bombay High Court set aside an order by the deputy commissioner of state tax against Colgate Global as the authority had "rejected the application for refund without recording any reasons".