HC set aside the order passed by the Deputy Commissioner denying the interest to the assessee for delayed refund and granted relief under Section 11BB of the Central Excise Act, 1944 (CE Act) to pay the interest at the rate of 6% per annum for committing delay in issuing service tax refund order.
ITAT Chandigarh held that AO erred in applying the rate of tax as 30% under section 115BBE instead of amended rate of tax 60% Accordingly revisionary power under section 263 rightly applied as order passed was erroneous and prejudicial to the interest of revenue.
ITAT Delhi held that where the property is not recorded in the books of account and explanation about the nature and source of acquisition of property is not offered satisfactorily then value of such property would be deemed to be income under section 69A of the Income Tax Act.
CESTAT Chennai held that undisputedly the amount of service tax was paid by mistake and Chartered Accountant certificate was submitted certifying that incidence of duty has not been passed on Accordingly refund eligible as not hit by doctrine of unjust enrichment.
Company has failed to comply with the below mentioned provisions of Section 42 of the Companies Act, 2013 also: (a) Company did not pass any Board Resolution for approval of Private Placement. (b) Company did not circulate the letter of offer to the proposed allottees in PAS-4 or not maintained any records of the offer in PAS-5
HC Held that, no GST registration could be suspended or cancelled on basis of Head Office directions without assigning any reason.
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Cancelled Registration Is Restored Even Though No Appeal Filed: Notice Should Be Issued In Strict Compliance with Rules – Kerala HC
