Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
CESTAT Bangalore held that show-cause notices invoking extended period u/s 28(1)/(4) of Customs Act were not valid as appellant had informed authorities about capital goods destruction and obtained necessary permissions for de-bonding. Commissioner (A) dropped penalty u/s 114A due to continuous correspondence with no suppression of facts. Order-in-Appeal upheld demand u/s 72(1) based on B17 bond, not sustainable beyond show-cause notice. Decision referenced CCE vs. Gas Authority of India Ltd. to set aside impugned orders and allow appeals.
CESTAT Bangalore held that show-cause notices invoking extended period u/s 28(1)/(4) of Customs Act were not valid as appellant had informed authorities about capital goods destruction and obtained necessary permissions for de-bonding. Commissioner (A) dropped penalty u/s 114A due to continuous correspondence with no suppression of facts. Order-in-Appeal upheld demand u/s 72(1) based on B17 bond, not sustainable beyond show-cause notice. Decision referenced CCE vs. Gas Authority of India Ltd. to set aside impugned orders and allow appeals.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
