Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Levy of penalty u/s 54(1) (14) of the U.P. VAT Act - The court held that in the absence of a cogent finding of an intention to evade tax, the levy of penalty under Section 54(1)(14) of the U.P. VAT Act is unsustainable. The court noted that the department had previously accepted Form-38 screenshots without objection, indicating no intention on the part of the revisionist to evade tax. - HC
Levy of penalty u/s 54(1) (14) of the U.P. VAT Act - The court held that in the absence of a cogent finding of an intention to evade tax, the levy of penalty under Section 54(1)(14) of the U.P. VAT Act is unsustainable. The court noted that the department had previously accepted Form-38 screenshots without objection, indicating no intention on the part of the revisionist to evade tax. - HC
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