Gujarat High Court quashes Punjab National Bank’s tax assessment, citing non-application of mind and imposes an exemplary cost of ₹1 Crore on the tax authorities.
Gujarat HC allows IGST refund under Section 16(3)(b) and directs authorities to amend shipping bills in ICEGATE to resolve GST ID and PAN mismatch issues.
Gujarat High Court held that refund entitled to assessee on the basis of order passed by CIT(A) cannot be unjustifiably adjusted against subsequent year’s demand. Accordingly, AO directed to credit refund amount in bank account of the petitioner.
Gujarat High Court allows condonation of delay in filing Form 10B for a charitable trust, overturning CIT order and directing tax exemption processing.
Gujarat High Court disposes of petition challenging Section 17(5) of CGST Act, allowing petitioners to comply with the show cause notice per Supreme Court ruling.
Gujarat High Court grants bail to Pragnesh Manharbhai Kantariya in ₹537 crore fake transaction case, allowing conditional release amid pending trial proceedings.
The petitioner is inter-alia, engaged in the manufacture and sale of edible oil. According to the petitioner, the rate of tax on output supplies made by the petitioner exceeds the rate of tax on input supplies.
During pendency of the assessment proceedings, respondent No.1 filed application u/s. 245C(1) before the Income Tax Settlement Commission offering additional income of Rs.17 Crores for the assessment years from 2011-12 to 2017-18.
Gujarat High Court sets aside GST registration cancellation orders, citing lack of reasons and hearing opportunity. Case remanded for due process compliance.
Gujarat High Court held that in the absence of new material facts brought on record by the Revenue reopening of assessment beyond the period of 4 years is found to be not sustainable in the eye of law. Thus, appeal of revenue dismissed.
