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Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

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Showing 3551 to 3600 of 9406 Records

1 ....68 69 70 717273 74 75 76........ 189

July 27, 2024 Case Laws Service Tax

Tax evasion by suppressing service value in returns. Dept relied on TDS data. Non-cooperation led to extended period invocation & penalties.
July 27, 2024 Case Laws Central Excise

CENVAT credit allowed on ISD invoices sans prescribed details; splitting tax permissible. Credit distribution to units okayed as per HC ruling. Demand & penalty set aside.
July 27, 2024 Case Laws VAT and Sales Tax

Secured creditor's priority charge upheld over dues. Precedent grants priority over taxes. Bank claim registered earlier. Tax authority can recover from debtor.
July 27, 2024 Case Laws Indian Laws

Dishonour of cheque: SC upholds strict interpretation of "drawer" as cheque issuer, excluding authorized signatories from primary liability.
July 27, 2024 Case Laws Indian Laws

Permanent injunction for outstanding storage charges allowed. Separate suit maintainable for distinct causes of action like damages.
July 27, 2024 Case Laws Indian Laws

Writ against SARFAESI notices rejected; new contract superseded old restructuring letter. SC precedents followed.
July 26, 2024 Case Laws Income Tax

Depreciation on non-compete fees allowed. Divergent HC views. Supreme Court to decide. Penalty u/s 271(1)(c) can't be imposed.
July 26, 2024 Case Laws GST

Goods detained due to technical error in E-Tax Invoice generation, despite compliance. No discrepancy found. Mere human error. Proceedings unjustified without mens rea.
July 26, 2024 Case Laws GST

GST registration cancelled retrospectively without reasons, violating natural justice. Cancellation order set aside. Proper officer's power not arbitrary.
July 26, 2024 Case Laws GST

Non-receipt of show cause notice violated natural justice. Order set aside, fresh hearing ordered. Authorities must provide all documents within 2 weeks.
July 26, 2024 Case Laws GST

GST authorities redesigned portal, but issued notice before change. Court allows petition, sets aside order & remands for fresh review.
July 26, 2024 Case Laws GST

Petitioner's GST registration cancellation challenged. Court ordered verification of additional business place within 3 weeks for restoration.
July 26, 2024 Case Laws GST

Cancellation of GST registration quashed due to lack of reasoning, violation of natural justice. Constitutional remedy available despite time-bar.
July 26, 2024 Case Laws Income Tax

Assessment order deemed complete only upon communication, not mere signing. Order unpronounced/unpublished ineffective.
July 26, 2024 Case Laws Income Tax

Agricultural land exemption restricted to rural areas. "Urban agricultural land" under "capital asset". MAT can't include exempt agri income.
July 26, 2024 Case Laws Income Tax

High Court quashed reassessment notice beyond limitation & notice by Joint AO outside faceless scheme as illegal.
July 26, 2024 Case Laws Income Tax

Mentality of tax evasion, non-cooperation for 20 years, wilful default. Compounding rejected as belated after conviction. Paying dues /= compounding.
July 26, 2024 Case Laws Income Tax

Writ allows submitting grievance petition on arrears adjustments. Assessing officer to consider petition, grant hearing & dispose within 2 months.
July 26, 2024 Case Laws Income Tax

Appellate authority to hear appeal promptly. Recovery proceedings against appellant to be kept on hold until appeal disposal or stay.
July 26, 2024 Case Laws Income Tax

LTCG deductions u/s 54B allowed if capital gain utilized for new asset before filing return u/s 139(4). Investment made till filing date eligible.
July 26, 2024 Case Laws Income Tax

Flat allotment surrender = capital loss, not income; 'Right to acquire' = capital asset; Sec 50C/56(2)(X) inapplicable; Voluntary claim withdrawal pre-AO confrontation = no penalty.
July 26, 2024 Case Laws Income Tax

Funds remitted from HK to NRE account with FIRC evidence. Tribunal: Source outside India proved, no Indian income/business link. AO's addition deleted.
July 26, 2024 Case Laws Income Tax

Addition limited to parties in WhatsApp chat. GP 8.60% on undisclosed sales Rs. 26,58,600 & Rs. 6,11,043. Partial relief on undisclosed sales.
July 26, 2024 Case Laws Income Tax

Short-term capital gains from share trading rightly taxed as business income. Investment claim rejected due to separate account, delivery-based transactions & prior acceptance of capital gains.
July 26, 2024 Case Laws Income Tax

Delay of 1154 days in filing appeal not condoned. Reasons like leaving tax matters to CA, ignorance & busy with agriculture/household not "sufficient cause". Casual approach won't suffice.
July 26, 2024 Case Laws Income Tax

Tax residency upheld for Mauritius company; control, management in Mauritius. Eligible for Indo-Mauritius tax treaty benefit.
July 26, 2024 Case Laws Income Tax

Unexplained income treated as advances rightly deleted; loan amounts recorded, supported by evidence. Assessee not owner of unrecorded assets. Double addition rightly deleted by CIT(A).
July 26, 2024 Case Laws Income Tax

Addition on estimated turnover after rejecting books; notices to verify purchases unserved. Penalty deleted as addition was estimate-based.
July 26, 2024 Case Laws Income Tax

Premium on redemption of privately placed NCDs is interest income, not capital gains. Long-term capital loss set-off restored. No perquisite on flat purchase.
July 26, 2024 Case Laws Customs

IGST exemption under EPCG Scheme rejected wrongly. Demands of duty, confiscation, penalties set aside as premature before license expiry.
July 26, 2024 Case Laws Customs

Appellant failed to advise client on SCOMET export authorization, wrongly relied on declaration. Penalty upheld, revocation set aside.
July 26, 2024 Case Laws Customs

Imported 'Color Toner Black' excluded from anti-dumping duty on 'black toner powder' as color toners comprise CMYK colors.
July 26, 2024 Case Laws Companies Law

Investors failed to provide FEMA certificate, delaying refund under 'buy-back' clause. Despite deposit, non-compliance waived claim rights. Funds to be used for creditors' claims instead.
July 26, 2024 Case Laws Companies Law

ROC can strike off companies from register under old & new Companies Acts. New Act has detailed procedure & remedy for deregistration.
July 26, 2024 Case Laws Companies Law

Peaceful vacant possession granted to applicant from Official Liquidator. Objector's rights terminated upon sub-lease termination. Leave granted to disclaim property.
July 26, 2024 Case Laws Companies Law

Court ordered company dissolution, discharged Liquidator u/s 481 as winding up couldn't proceed. Relied on Meghal Homes case.
July 26, 2024 Case Laws Insolvency and Bankruptcy

Impleadment allowed sans prior notice; court's discretion. Appellant's contention rejected. Appeal dismissed for lack of merits.
July 26, 2024 Case Laws Insolvency and Bankruptcy

Doctrine of necessity invoked to grant chance to deposit balance & avoid liquidation, enabling Corporate Debtor revival.
July 26, 2024 Case Laws FEMA

Writ petition against FEMA penalty dismissed due to statutory remedies. No immunity from adjudication pre-insolvency. No breach of rights/natural justice. Authority empowered to penalize.
July 26, 2024 Case Laws Central Excise

Penalty u/r 26(2) quashed; appellant vindicated. Invoices valid, goods received, duty paid.
July 26, 2024 Case Laws Indian Laws

Cheque dishonor case: Summons issued. Scope of Sec 138 & 482 CrPC examined. Disputed facts, outstanding dues, security cheques.
July 26, 2024 Case Laws Indian Laws

Appeal against arbitrator's decision on liquidated damages dismissed. Legal injury must be proved for both types of damages.
July 26, 2024 Case Laws Indian Laws

Courts reluctant to quash cases with substantial compliance. No mini-trial u/s 482 CrPC. Allegations proved at trial.
July 25, 2024 Circulars DGFT

Verify e-docs like licenses, certificates via UDIN on DGFT site. Key UDIN to download e-copy & cross-check paper copy.
July 25, 2024 Circulars Customs

Exemptions on imports for R&D, manufacturing, renewables, exports. Concessional duties on artwork, samples. Extension of exemptions till 2026. Some exemptions to lapse in 2024.
July 25, 2024 Circulars Customs

Bank account attachment requires officer's opinion, reasons, service, Commissioner's approval. 6 months max, extendable after hearing. Specify duration, address order. Release communication mandatory.
July 25, 2024 Circulars DGFT

Export obligation fulfilled by quantity, no penalty if minimum value addition met. Value addition shortfall? Pay 1% FOB online via DGFT site.
July 25, 2024 Case Laws GST

Paid IGST instead of CGST+SGST? Approach appellate authority for relief from penalty & interest if bona fide mistake.
July 25, 2024 Case Laws GST

GST registration cancellation without reasons violated natural justice. Cryptic notice failed to specify violations, unreasoned order didn't disclose grounds. Set aside for lack of reasons.
July 25, 2024 Case Laws GST

GST registration cancellation notice challenged for unspecified allegations. Court: Though notice lacked details, clarified later. Reissuing notice unnecessary. Respond to clarified allegations.

1 ....68 69 70 717273 74 75 76........ 189

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H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

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