Allahabad High Court halts benami proceedings against Arpit Jagga, questioning jurisdiction as the cash was already assessed under the Income Tax Act and arguing cash may not be benami property.
Vide the present petition it is contested that the show cause notice has been issued on 26thSeptember, 2023. The same is stated to have been uploaded on the Additional notices tab and the show cause notice did not come to the knowledge of the Petitioner.
Rational connection postulates that there must be a direct nexus or live link between the material coming to the notice of the Income Tax Officer and his view that there has been escapement of income of the assessee from assessment in the particular year.
Gujarat High Court clarifies ITC reversal rules: Fresh demands invalid if already reversed, even late. Focus on interest/penalties, not double payment.
The Karnataka High Court has overturned an Income Tax Department order, allowing a trust to condone a 151-day delay in filing IT returns and Form 10 due to a tax consultant’s oversight, citing a “justice-oriented approach.”
Delhi High Court rules on DMRC’s GST refund, clarifying the “relevant date” for limitation based on a conciliation agreement, setting aside rejection orders.
High Court rules GST Section 130 invalid for excess stock, affirming Section 73/74 for tax determination. Rs. 14.58 lakh demand set aside.
Delhi High Court rules manufacturer discounts to retailers are not prima facie consideration for services, staying a ₹9.85 Cr GST demand on Vardhman Electronics.
Allahabad High Court upholds penalty, affirming that a valid e-way bill is mandatory for goods movement post-April 2018 amendment to UPGST Rules.
Allahabad High Court has stayed a ₹16.85 crore GST demand against Shree Girraj Food Products, questioning the classification of savoury snacks and the invocation of the extended limitation period.
