The Tribunal held that mismatch alone does not prove fraud under Section 74. The key takeaway is that penal provisions cannot be invoked without evidence of intent to evade tax.
The issue concerns whether free-of-cost supplies should be added to taxable value. The takeaway is that inclusion applies only when such supplies are part of the supplier’s contractual obligation.
The Supreme Court set aside the NCLAT order for relying on a non-existent quasi-judicial income tax order. The key takeaway is that the matter must be reconsidered afresh following settled competition law principles.
Discover why founders are shifting to Dubai for tax efficiency, faster business setup, and global market access. The key takeaway: success depends on proper planning, not just relocation.
The issue was whether penalty for bogus purchases was justified. The Tribunal held that concealment through non-genuine purchases attracts penalty, confirming the levy.
The new law replaces the 1961 Act while retaining continuity for past years. The key takeaway is that compliance remains similar but requires careful transition planning.
The issue was validity of reopening beyond the limitation period. The Tribunal held the notice issued after the prescribed time was invalid, and quashed the entire reassessment.
A.K.G. Construction And Developers Pvt. Ltd Vs State of Jharkhand & Ors. (Supreme Court of India) Termination Valid, Blacklisting Invalid – SC Separates Consequences, Enforces Strict Natural Justice The Supreme Court upheld the termination of contract but set aside the blacklisting order, holding that blacklisting is not an automatic consequence of termination and requires independent […]
The issue was whether income from sale of foundation seeds qualifies as agricultural income. The Tribunal held that such activities involve basic agricultural operations and allowed exemption under Section 10(1).
The issue concerns disciplinary action for professional misconduct. The ruling enforces removal from membership and bars practice for a specified period.
