The issue involved in the present appeal is that whether an incentive received in sales tax liability under a Scheme formulated by the State Government would be on capital account, exempt to taxation, or on revenue account, liable for taxation.
Madras High Court held that the export incentive cannot be denied for technical and venial breach of provisions of Section 129 of the Central Goods and Services Tax Act [CGST Act]. Accordingly, petition allowed.
ICAI found two CAs guilty of professional misconduct in the NSEL audit case and ordered one-year membership removal for CA Shrawan Jalan.
Delhi High Court examines constitutional validity of DVAT Act Section 9(2)(g), impacting Input Tax Credit claims due to selling dealer’s tax deposit failures.
Delhi High Court rules Section 9(2)(g) of DVAT Act unconstitutional, asserting it violates rights by denying input tax credit to buyers for seller’s tax defaults.
Delhi High Court reviews the constitutionality of DVAT Act Section 9(2)(g), impacting Input Tax Credit for purchasers due to seller’s tax defaults. Examines impact on bona fide dealers.
Delhi High Court sets aside tax notices, ruling on Section 9(2)(g) of DVAT Act. Upholds right to Input Tax Credit for bona fide purchasers.
Delhi High Court sets aside Section 9(2)(g) of the DVAT Act, ruling it violates Articles 14 and 19(1)(g) by denying input tax credit to bona fide purchasers for seller’s default.
The Ministry of Finance has designated the Court of Principal District and Sessions Judge, North Goa, to handle PMLA cases across the entire State of Goa.
Delhi High Court held that since twin conditions required under section 45 of the Prevention of Money Laundering Act, 2002 [PMLA] has been satisfied, the application for grant of anticipatory bail allowed.
