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...
Refund of deposit - reversal of ITC - The amount was allegedly recovered from them during search proceedings - The High Court noted that the deposit in this case lacked voluntariness and contravened CBIC Instructions which prohibits coercive recovery during search proceedings. - Therefore, the court directed the respondents to refund the amount so recovered along with statutory interest @ 6% p.a. from the date of deposit till repayment, within four weeks.
Refund of deposit - reversal of ITC - The amount was allegedly recovered from them during search proceedings - The High Court noted that the deposit in this case lacked voluntariness and contravened CBIC Instructions which prohibits coercive recovery during search proceedings. - Therefore, the court directed the respondents to refund the amount so recovered along with statutory interest @ 6% p.a. from the date of deposit till repayment, within four weeks.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
