Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Imposition of penalty u/s 10(b) r.w.s 10-A of the Central Sales Tax Act, 1956 - unauthorized use of Form C to purchase goods like valves, regulators, PP caps, aluminum seals, etc., which were not covered under the term "container" in the registration certificate - The Court confirmed the imposition of penalties for misrepresentation in the purchase of these goods, emphasizing the absence of a 'mens rea' (criminal intent) defense in this context. - The argument of bona fide belief rejected - HC
Imposition of penalty u/s 10(b) r.w.s 10-A of the Central Sales Tax Act, 1956 - unauthorized use of Form C to purchase goods like valves, regulators, PP caps, aluminum seals, etc., which were not covered under the term "container" in the registration certificate - The Court confirmed the imposition of penalties for misrepresentation in the purchase of these goods, emphasizing the absence of a 'mens rea' (criminal intent) defense in this context. - The argument of bona fide belief rejected - HC
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TaxTMI 
TaxTMI 
of 4870 
