The Allahabad High Court granted bail to accused individuals in a GST fake invoice case, citing reliance on confessional statements, lack of conclusive evidence, and trial delays.
Gauhati High Court sets aside GST time limit extension (Notification 56/2023) and related demand orders, citing lack of GST Council recommendation and force majeure.
Madras High Court dismissed appeals in CIT vs Bharat Promoters, affirming ITAT’s role as final fact-finding authority on development and commission expenses.
Madras High Court rules property transfer for capital gains is based on effective date, not registration date. Section 50C application is clarified where transfer conditions under Section 2(47)(v) are met in prior years.
Under section 151(ii), where the alleged escaped income was more than Rs. 50 lakh, and where more than three years have passed since the relevant assessment year require approval from a higher-level authority.
Himachal Pradesh High Court: ITC cannot be denied solely on supplier’s retrospective GSTIN cancellation without verifying transaction genuineness.
Income received by an electricity distribution company from staff loans and advances should be classified as business income under Section 28(i) and not as “income from other sources”.
Kerala High Court held that the vessel under the South East Asia and Indian Ocean Cable Maintenance Agreement [SEAIOCM Agreement], the vessel can be categorized as a foreign going vessel and hence entitled for exemption u/s. 87 of the Customs Act. Accordingly, writ by revenue dismissed.
Madras High Court held that main object of the Charitable Trust being microfinance is not eligible which is not charitable in nature cannot claim the benefit of exemption either under Section 11(1) or under Section 11(4A) of the Income Tax Act.
The petitioner is a registered dealer under the GST Act, dealing with milk and milk products. As part of its business, the petitioner processes and sells, flavoured milk, to customers within and outside the State of Andhra Pradesh.
