Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Validity of provisional attachment order - benefit of Input Tax Credit availed from invoices issued from non-existing firms - It observes that the impugned order lacks proper grounds and reasons for the provisional attachment, violating the principles outlined in Section 83 and Rule 159(5) of the CGST Rules. - Citing precedents from the Gujarat High Court and the Andhra Pradesh High Court, the court emphasizes the necessity for the attachment order to disclose reasons and grounds. - Consequently, the court sets aside the impugned order of provisional attachment, affirming the petitioner's contention regarding the lack of proper reasoning.
Validity of provisional attachment order - benefit of Input Tax Credit availed from invoices issued from non-existing firms - It observes that the impugned order lacks proper grounds and reasons for the provisional attachment, violating the principles outlined in Section 83 and Rule 159(5) of the CGST Rules. - Citing precedents from the Gujarat High Court and the Andhra Pradesh High Court, the court emphasizes the necessity for the attachment order to disclose reasons and grounds. - Consequently, the court sets aside the impugned order of provisional attachment, affirming the petitioner's contention regarding the lack of proper reasoning.
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TaxTMI 
TaxTMI 
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