The case examined the legality of imposing both late fee and general penalty for the same default. The Court ruled that such overlapping penalties are unjustified and unsustainable. The decision clarifies that only one penal consequence can be applied in such cases.
The tribunal held that selling only open land, even if earlier part of a residential property, does not qualify as transfer of a residential house. Since no building was sold, exemption under Section 54 was rightly denied.
The case examined whether a statement recorded during search can justify tax additions. The Court held that confession without supporting evidence is insufficient. It reinforces that corroboration is essential for sustaining additions.
The Tribunal upheld TDS liability where tax was deducted only on part of the property value. It ruled that TDS must be applied on the entire consideration for immovable property transactions.
The issue involved alleged cyber fraud where funds were credited to the petitioner’s account. The Court granted relief considering absence of criminal history and willingness to return the money.
The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportunity of hearing. RBI was directed to reconsider the application afresh.
The dispute involved jurisdiction of customs authorities to levy IGST on imports. The Court ruled that assessment includes all applicable taxes, rejecting the jurisdiction challenge.
The issue was whether arbitral award damages and settlement terms constitute “supply” under GST law. The Court held they do not amount to consideration for supply, and quashed the IGST demand.
The issue was imposition of a higher penalty than proposed in the show cause notice. The court set aside the order, holding it violates Section 75(7) and is without jurisdiction.
The Court held that a photocopy of a power of attorney cannot be relied upon without fulfilling legal requirements for secondary evidence. As the authority to sell was not established, the sale deeds were declared invalid.
