Section 147A of the Income Tax Act declared unconstitutional • Penalty confirmed in the adjudication order cannot exceed penalty proposed in the show cause notice • Refund cannot be appropriated against a demand for which statutory pre-deposit has been made and appeal is pending • Show cause notice issued before audit observations are finalised is not legally sustainable • Circular restricting inverted duty refund where input and output are the same is inapplicable where ITC… • Penalty imposed on Director under Section 122(1A) in an appeal filed only by the Company • Unaccounted stock found on business premises during survey cannot attract confiscation under Section 130 • Appellate Authority cannot uphold tax demand under Section 74 while substituting penalty under Section 73
#J&K and Ladakh
3 articles
Seven-Day Timeline Under Section 129(3) for Issuing Notice After Detention/Seizure Is Mandatory
The High Court of J&K and Ladakh has set aside an order imposing penalty under Section 129(3) of the CGST Act along with the appellate order confirming it, hold…
Showing 1–3 of 3 articles