Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Seeking grant of bail - irregular availment of Input Tax Credit - creation and operation of fake GST firms and issuing fake GST invoices from these firms - The High court examines evidence gathered during searches and the confessions of the accused. Despite the defense's claims of innocence and coercion by a third party, the court finds sufficient evidence to reject the bail applications. It emphasizes the seriousness of economic offences and the potential for harm to the economy. The decision highlights the need for a different approach to bail in such cases, considering their significant impact.
Seeking grant of bail - irregular availment of Input Tax Credit - creation and operation of fake GST firms and issuing fake GST invoices from these firms - The High court examines evidence gathered during searches and the confessions of the accused. Despite the defense's claims of innocence and coercion by a third party, the court finds sufficient evidence to reject the bail applications. It emphasizes the seriousness of economic offences and the potential for harm to the economy. The decision highlights the need for a different approach to bail in such cases, considering their significant impact.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
