The High Court granted regular bail in a GST tax evasion case after noting that the evidence was primarily documentary and the complaint had already been filed. The Court also imposed strict conditions to prevent witness influence.
The Andhra Pradesh High Court held that GST officers in a transit State cannot invoke Sections 129/130 against inter-State consignments where neither supplier nor recipient is located in that State. The ruling reinforces that jurisdiction depends on tax nexus, not physical passage of goods.
Pune ITAT upheld revision under Section 263 after finding that the Assessing Officer failed to fully verify expenditure claims unsupported by vouchers. The Tribunal held that random verification was insufficient where substantial cash expenses were claimed.
The Orissa High Court held that dismissal of a Section 34 petition on maintainability grounds effectively amounts to refusal to set aside an arbitral award under Section 37. The Court restored the arbitration challenge for adjudication on merits.
The Orissa High Court held that dismissal of a Section 34 challenge petition on maintainability grounds effectively amounts to refusal to set aside an arbitral award under Section 37. The Court restored the challenge petition for adjudication on merits.
Private limited companies with turnover above ₹200 crore or borrowings exceeding ₹100 crore must appoint an internal auditor under the Companies Act, 2013. The article explains compliance rules, penalties and governance benefits.
AI-driven scrutiny and AIS integration are increasing Income Tax notices where property transactions occur below stamp duty value. Both buyers and sellers may face taxation under Sections 50C and 56(2)(x).
The article explains how gig platforms classify workers as independent partners to avoid minimum wage, social security, and dismissal protections. It highlights the urgent need for legal reforms recognizing algorithmic control as employment supervision.
The article questions why Congress has not consistently demanded accountability from the Centre regarding creation of High Court Benches in states like Uttar Pradesh, Bihar, and Odisha. It highlights alleged regional disparities and references long-pending recommendations for new Benches.
This case highlights that cash paid to builders as “on-money” will not automatically be treated as tax evasion if it originates from disclosed bank funds. However, buyers must prove the source with proper documentation to avoid tax additions.
