Calcutta High Court dismisses Income Tax Department’s appeal regarding unexplained cash credit from share capital, citing a previous binding decision.
Calcutta HC rules in PCIT vs Abhijeet Enterprise that Section 68 doesn’t apply to shares allotted for a liability if no actual cash is exchanged, citing key precedents.
Allahabad High Court sets aside GST order due to lack of personal hearing, emphasizing mandatory compliance with natural justice under Section 75(4) of UP GST Act.
Bombay High Court quashes tax re-assessment notice and order against a dissolved company, citing a non-existent entity cannot be assessed. Cites Supreme Court rulings.
Madras High Court rules director of struck-off company cannot challenge tax assessment without first reviving the firm, overturning a previous order.
Allahabad High Court refers a critical GST dispute on blocking of Electronic Credit Ledger, including future credits, to a Larger Bench due to conflicting judicial views.
Allahabad High Court quashes summons for several LLP partners in a cheque dishonour case, affirming liability primarily for the company and its authorized signatory.
The Jharkhand High Court has ruled in favor of R.K. Transport & Constructions Ltd., directing GST authorities to act against a vendor who collected GST but failed to deposit it, leading to ITC denial for the petitioner.
Delhi High Court dismisses GST petitions after discovering forged Aadhaar cards & fabricated SCNs. Court mandates FIR registration & new verification protocols.
Assessee by bypassing the statutory mechanism, had misused the process of law as IBC, 2016 was a codified and time-bound legislation enacted to ensure the expeditious resolution or liquidation of corporate debtors, with specific timelines prescribed at each stage.
