Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Reversal of Input Tax Credit (ITC) - The court notes that the impugned order reversed the ITC based solely on the cancellation of the supplier's registration and disregarded the documents submitted by the petitioner. The court opines that the petitioner may be required to prove the existence of the supplier at the relevant time and demonstrate the genuineness of the transaction with relevant documents. - The assessing officer is directed to consider whether the transaction was genuine by examining all relevant documents in that regard.
Reversal of Input Tax Credit (ITC) - The court notes that the impugned order reversed the ITC based solely on the cancellation of the supplier's registration and disregarded the documents submitted by the petitioner. The court opines that the petitioner may be required to prove the existence of the supplier at the relevant time and demonstrate the genuineness of the transaction with relevant documents. - The assessing officer is directed to consider whether the transaction was genuine by examining all relevant documents in that regard.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
