The Court denied bail citing the serious nature of an organized GST evasion scheme and the ongoing investigation. The ruling highlights concerns over evidence tampering and the need to protect revenue interests.
The Madras High Court held that tax claims not included in a Resolution Plan approved under the IBC cannot be pursued, confirming all pre-approval dues stand extinguished.
The Court held that GST recovery exceeding 10% made earlier must be treated as statutory pre-deposit. The appellate authority must hear the appeal on merits without insisting on further payment.
The Tribunal held that allegations of mis-declaration and under-valuation were unsupported by evidence. The redemption fine and penalty were set aside as the valuation acceptance was attributed to clearance delays.
The Court held that multiple refund applications filed within time were wrongly rejected as time-barred. It ruled that COVID-19 limitation exclusion and earlier timely filings must be considered, directing reconsideration with interest.
The court held that refund of Compensation Cess ITC is permissible on exports made with IGST payment because statutory provisions prevail over conflicting circulars. The ruling clarifies that unutilized Cess credit on inputs used for exports must be refunded.
The ITAT held that jewellery tag prices in internal software cannot be equated with realised sales, deleting GP additions made without evidence of suppression.
ITAT held that entire cash deposits of a business correspondent cannot be treated as unexplained income without verification. The AO must examine whether deposits were bank collections or the assessee’s own money.
Tribunal held that income cannot be added merely because it appears in Form 26AS and remanded matter to verify whether assessee actually received amounts corresponding to TDS credits.
The ITAT invalidated an assessment for AY 2008-09 after the AO failed to issue a mandatory draft order under section 144C during remand proceedings, highlighting procedural compliance in transfer pricing cases.
