The Karnataka High Court has quashed a criminal case against a taxpayer, ruling that he was not responsible for tax evasion and fraudulent acts committed by his Chartered Accountant.
The Karnataka High Court has acquitted an assessee, holding he cannot be criminally prosecuted for tax evasion when his Chartered Accountant fraudulently manipulated a payment challan after receiving the full tax amount.
Karnataka HC refused to interfere with its earlier order setting aside the Income Tax Department’s rejection of ITC’s plea for release of ₹2 crore seized during a raid. The matter was remitted to the Deputy Director of Income Tax for fresh consideration.
The Karnataka High Court has affirmed that a notice for income tax reassessment under Section 148A(b) must grant a minimum of seven days for the assessee to respond.
The Karnataka High Court dismisses a Revenue appeal, affirming that a ₹7 crore share sale was a genuine transaction and not unexplained income under Section 68 of the Income Tax Act.
Karnataka High Court held that the provisions of Rule 7 of the Central Excise Rules and Section 12B of the Central Excise Act are not applicable in cases of provisional assessment. Accordingly, appeals of revenue stand dismissed.
Karnataka High Court set aside orders confirming service tax demands based on CBDT data and relegated cases back to authorities for fresh consideration.
The Karnataka High Court has set aside a prosecution order against Natural Remedies Private Limited. The court found that the Commissioner of Labour failed to provide sufficient reasoning or evidence to prove a direct link between the company’s outsourcing activities and an alleged breach of a settlement with a trade union.
Karnataka High Court held that for AY 2014-2015, assessee couldn’t be classified as wholesale trader as both the specified conditions are not satisfied. Accordingly, in terms of notification no. 30/2013 tolerance range of 3% to be adopted.
The Karnataka High Court set aside an order against NL Tile Art Pvt. Ltd., citing that tax authorities failed to consider the company’s annual returns and ITC reversal forms.
