The issue was whether LIC premium payments for post-retirement annuity were contingent liabilities. The Court held they represented an existing liability and allowed the deduction as a business expense.
The case examined the validity of reassessment notices issued beyond the permissible period. The Court ruled that such notices are invalid in light of binding precedent, leading to quashing of the entire reassessment.
The Court held that authorities cannot initiate confiscation under Section 130 without completing detention proceedings under Section 129. It ruled that bypassing statutory procedure renders the action invalid.
The Court ruled that reversal of ITC after a long delay does not negate interest liability. It emphasized that interest arises from the time of wrongful claim until reversal. Key takeaway: delayed correction does not absolve liability.
The Court held that service of notice solely through the GST portal is not valid where the taxpayer is not monitoring it. It set aside the ex-parte assessment for lack of proper service.
The case addressed whether a demand based on a draft order can be enforced. The Court held that tax liability crystallizes only after final assessment. Key takeaway: draft orders have no enforceable value.
The court examined allegations of fraudulent ITC claims and granted bail after noting that the investigation had been completed. The ruling highlights that continued custody is not necessary once key investigative steps are over.
The Court found no separate evidence linking the employee to wrongdoing beyond what was considered for the employer. It ruled that penalty cannot be sustained without independent justification.
The Court held that rejecting an appeal for wrong jurisdiction without proper mechanism was a mistake. It restored the appeal and directed its transmission to the correct authority.
The court held that recovery proceedings cannot continue without considering the taxpayer’s objections. Authorities must decide representations before enforcing attachment.
