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Section 130 GST Act Proceedings Apply not apply to Unaccounted Stock Found During Survey: HC

August 23, 2024 1668 Views 0 comment Print

Allahabad High Court sets aside GST orders against Shree Om Steels, ruling that proceedings under Section 130 of the UPGST Act were improperly initiated.

E-Waybill Downloaded Before Detention Validates Transaction: HC Quashes Seizure & Penalty Order

August 23, 2024 561 Views 0 comment Print

Allahabad High Court quashes GST orders against Havells India Ltd, citing a prior e-way bill download. Judgment follows Mahalaxmi Traders case precedent.

Extended Limitation Period Requires Clear Allegations of wilful misstatement, suppression of facts, fraud, or collusion

August 22, 2024 858 Views 0 comment Print

Calcutta High Court dismisses petition challenging a CGST order. Petitioners directed to seek remedy through the Central Excise and Service Tax Appellate Tribunal.

Extended Limitation cannot be extended if SCN silent about Fraud or Misstatement

August 22, 2024 1260 Views 0 comment Print

The Calcutta High Court ruled on a delayed service tax appeal, dismissing a notice issued against Naresh Kumar & Co., questioning the validity under extended limitation.

ITAT allows Section 54EC exemption for investments before sale deed registration

August 22, 2024 1251 Views 0 comment Print

ITAT Ahmedabad rules in favor of Rahul G. Patel, granting exemption under Section 54EC for investments made in NHAI bonds before the sale deed registration.

CCI Dismisses Anti-Profiteering Allegations against Swastik Harmony Developers

August 22, 2024 471 Views 0 comment Print

CCI finds no profiteering by Swastik Harmony Developers in Jainil Mehta GST complaint. Case dropped due to lack of evidence under Section 171 CGST.

CCI directs investigation for not reducing Cinema ticket prices post-GST rate cut

August 22, 2024 741 Views 0 comment Print

Competition Commission of India examines GST profiteering allegations against Alankar Cinema for not reducing ticket prices post-GST rate cut. Key case details inside.

Penalty u/s. 271(1)(c) not leviable for voluntary surrender of income in good faith: ITAT Hyderabad

August 22, 2024 1203 Views 0 comment Print

ITAT Hyderabad held that voluntary surrender of income in good faith cannot be considered as concealment of income. Hence, penalty u/s. 271(1)(c) of the Income Tax Act cannot be sustained.

DDT cannot be demanded from recipient of interest income: Delhi HC

August 22, 2024 570 Views 0 comment Print

Delhi High Court held that Dividend Distribution Tax (DDT) is liable to be paid by the company which declares, distributes or pays the same. Petitioner, herein, has received interest income from Non-convertible debentures and accordingly cannot be subject to DDT.

Addition towards unexplained cash credit u/s. 68 unwarranted as already declared and taxed as sales: ITAT Ahmedabad

August 22, 2024 1605 Views 0 comment Print

ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act unwarranted as the amount represents sales already declared and taxed. Thus, income already offered for taxation cannot be taxed again as unexplained cash credit.

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