Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Levy of penalty @200% - e-way bill which was generated by the appellant had expired and at the time when the vehicle was intercepted four days had lapsed - The High Court acknowledged that penalties should not be imposed without considering mens rea. While the statute allows for a penalty of 200%, it does not absolve authorities from considering circumstances and intentions. Despite the expiration of the e-way bill, the Court found that the appellant's failure to extend the validity was a crucial factor. However, it noted that the penalty was calculated on a higher value than the invoice, indicating arbitrariness on the part of the authorities. Ultimately, the Court partially allowed the appeal, imposing a reduced penalty but refrained from completely exonerating the appellant.
Levy of penalty @200% - e-way bill which was generated by the appellant had expired and at the time when the vehicle was intercepted four days had lapsed - The High Court acknowledged that penalties should not be imposed without considering mens rea. While the statute allows for a penalty of 200%, it does not absolve authorities from considering circumstances and intentions. Despite the expiration of the e-way bill, the Court found that the appellant's failure to extend the validity was a crucial factor. However, it noted that the penalty was calculated on a higher value than the invoice, indicating arbitrariness on the part of the authorities. Ultimately, the Court partially allowed the appeal, imposing a reduced penalty but refrained from completely exonerating the appellant.
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