Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Penalty under the Interest Tax Act required concealment of chargeable interest or furnishing of inaccurate particulars; where the assessee's earlier non-filing was found bona fide, the interest details were already available on record, and the returns filed in response to notice were accepted without addition, penalty was not leviable. The Court also noted that the deeming principle in Explanation 3 to section 271(1)(c) of the Income-tax Act could not be imported into penalty proceedings under the Interest Tax Act. On these concurrent findings, deletion of the penalty was upheld and the Revenue's appeals failed.
Penalty under the Interest Tax Act required concealment of chargeable interest or furnishing of inaccurate particulars; where the assessee's earlier non-filing was found bona fide, the interest details were already available on record, and the returns filed in response to notice were accepted without addition, penalty was not leviable. The Court also noted that the deeming principle in Explanation 3 to section 271(1)(c) of the Income-tax Act could not be imported into penalty proceedings under the Interest Tax Act. On these concurrent findings, deletion of the penalty was upheld and the Revenue's appeals failed.
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