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Judiciary

GST Fraud: Petitioner, unconnected to allegations is not liable for penalties

February 2, 2024 1914 Views 0 comment Print

Read the full text of the Calcutta High Courts judgment on Fairdeal Metals Limited vs. Asst. Commissioner. Analysis of the detention order, show cause notice, and penalty imposition.

Department bears burden of Verifying benefit eligibility for notified imported Goods

February 2, 2024 270 Views 0 comment Print

Explore the implications of the Priyanka Enterprises vs. Commissioner of Customs case as per the detailed CESTAT Chennai order dated 25.01.2024.

Gogia Leasing vs JBO Globeworld: NCLT Delhi Approves Resolution Plan

February 2, 2024 234 Views 0 comment Print

Read the detailed NCLT judgment/order on Gogia Leasing vs JBO Globeworld case. Approval of resolution plan by Hemant Jindal, key features, compliance, and implications.

High Court Quashes Assessment Order on Amalgamation Grounds

February 2, 2024 633 Views 0 comment Print

The Madras High Court quashes the assessment order dated 31.12.2022, citing irregularities in the assessment process post-amalgamation of Pallava Textiles and Cheran Synthetics. Details of the legal proceedings and implications.

Bogus Purchase: No Penalty for Estimate-Based Additions

February 2, 2024 4944 Views 1 comment Print

ITAT concluded that the penalty levied under section 271(1)(c) of the Act was unsustainable due to the defect in the statutory notice and the fact that the penalty was imposed on additions made through estimation.

PCIT cannot set-aside an order without an enquiry of his own

February 2, 2024 549 Views 0 comment Print

Calcutta High Court, affirming the Tribunal’s findings, held that the PCIT lacked justification for setting aside the order under Section 263 without conducting a thorough inquiry.

ITAT deletes Section 68 addition for LTCG from penny stock

February 2, 2024 3918 Views 0 comment Print

ITAT Mumbai deletes LTCG addition in penny stock case, ruling in favor of Assessee. Landmark decision emphasizes genuine transactions and compliance.

Transportation of goods After expiry of E Way bill: SC reduces penalty to 50%

February 2, 2024 26709 Views 1 comment Print

Explore the Supreme Court judgment on penalties for goods transportation after E-way bill expiry. Detailed analysis of Vardan Associates Pvt. Ltd. vs Assistant Commissioner case.

No Addition Based on Loose Papers Found in Search and Seizure: MP HC

February 1, 2024 1713 Views 0 comment Print

Explore the detailed analysis of the Madhya Pradesh High Courts judgment in PCIT-I vs. Pukhraj Soni (I.T.A. No.585/Ind/2015, AY 2009-10). The courts scrutiny, legal implications, and key findings revealed.

Lawyer Sentenced to Six Months Imprisonment for Scandalous Imputations Against Judges: Criminal Contempt Case

February 1, 2024 306 Views 0 comment Print

Explore a detailed analysis of a recent Delhi High Court judgment imposing a 6-month imprisonment term for contempt of court. Understand the legal implications and background of the case.

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