Many taxpayers receive notices despite exemption due to AIS-ITR mismatches. The case highlights that non-reporting of even exempt transactions can trigger scrutiny and requires proper disclosure.
The issue was whether properties unconnected to crime could be attached under PMLA. The Tribunal held that equivalent value assets can be attached when proceeds of crime are untraceable.
Delhi High Court held that challenge to reassessment proceedings initiated under Income Tax Act failed as Court cannot act as an AO and call such documents which otherwise can be done by AO. Accordingly, petition dismissed.
Supreme Court held that a detenu has no right of being represented by the counsel in the proceedings before the Advisory Board. Accordingly, detention order of detenu indulged in gold smuggling activities upheld as satisfaction of the Detaining Authority is a subjective one.
GST notices are commonly issued due to mismatches, incorrect filings, and missing information in returns. The content highlights the need for a structured system to manage and respond effectively.
he Court declined to examine merits as the petitioner did not file a reply to the impugned communication. It directed submission of response and continuation of proceedings.
The Tribunal ruled that taxation of income does not negate its use in benami transactions. Even disclosed or assessed income can form part of a benami arrangement. The judgment clarifies the independent scope of benami law.
The issue was whether property not directly linked to crime could be attached. The Tribunal held that attachment of equivalent value is valid when proceeds of crime are untraceable.
The respondents could not justify why the taxpayer would deposit money without a formal demand. The Court treated the payment as non-voluntary.
The issue was cancellation of GST registration without recording reasons or granting a hearing. The Court held such orders violate due process and remanded the matter for fresh adjudication.
