Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
GST - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Profiteering - Scope of the Investigation - supply of Monitors ...


Investigation Confirms No Legal Limits on Product Scope; Benefits Must Reach Consumers, Not Retained by Supplier.

December 3, 2020

Case Laws     GST     NAPA

Profiteering - Scope of the Investigation - supply of Monitors and TVs of screen size up to 32 inches - There is no provision in the above Act or the Rules which provides that the investigation shall be limited to the products against which complaint has been received - The Respondent cannot get away by appropriating the benefit which he is legally bound to pass, on the ground that no complaint has been made in respect of the other products, as the benefit is not to be paid by him out of his own pocket, since it has been granted from the public exchequer to benefit the common customers. - NAPA

View Source

 


 

You may also like:

  1. The case pertains to the scope of limited scrutiny by the assessing officer regarding computation of capital gains u/s 45 and providing exemption u/s 54B of the Income...

  2. The case involved the scope of limited scrutiny and the validity of a notice u/s 143(2) of the Income Tax Act. The assessee's case was selected for limited scrutiny to...

  3. HC held that petitioner was entitled to refund of IGST and Service Tax paid on ocean freight following Mohit Minerals precedent. While addressing unjust enrichment...

  4. Scope of limited scrutiny - cash deposits in the Bank accounts being more than the turnover - The impugned addition made by the AO on account of profit allegedly earned...

  5. Non obtaining of Central Excise registration on reaching full exemption limit of Rs. One Crore -Penalty confirmed - AT

  6. CESTAT determined Natural Beta Carotene Powder's classification under Customs Tariff Act, 1975. While appellant sought classification under TI 3203 00 20 (industrial...

  7. Initiation of CIRP - Corporate Debtor or not - M/s. Homestead Infrastructure Development Pvt. Ltd. (Corporate Debtor) reached agreement jointly with 'M/s. Golden Peacock...

  8. The HC upheld CCPA guidelines prohibiting mandatory service charges by restaurants, dismissing the petitioners' challenge. The Court determined that CCPA possesses...

  9. These guidelines instruct customs field formations on maintaining a balance between ease of doing business and investigating tax evasion cases related to import or...

  10. Legality of SFIO Investigation - non-maintenance of the registered office at the address mentioned in Form No.10 - The High court found no statutory or legal impediment...

  11. Conversion of “Limited Scrutiny” into “Complete Scrutiny” - Expanding the scope of limited scrutiny assessment without necessary approval - Since the notice under...

  12. Limited jurisdiction of trial court after remand order; cannot enlarge scope beyond remand directions. Trial court erred in allowing evidence beyond remand's limited...

  13. Scope of Limited Scrutiny - Accrual of income - Addition towards advance fees and deposits from old students - AO attempt to convert limited scrutiny into complete...

  14. Conversion of 'Limited scrutiny' to 'Complete Scrutiny' - We are not convinced with the argument of the DR that the issue raised by the AO is limited to the cash in hand...

  15. The ITAT partially allowed the taxpayer's appeal concerning comparable selection for transfer pricing adjustments. The Tribunal excluded Tata Elxsi Limited (significant...

 

Quick Updates:Latest Updates