Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The Delhi High Court reviewed a case concerning excess Input Tax Credit claimed by a taxpayer by comparing GSTR-2A with GSTR-3B. The court noted the lack of cooperation from the taxpayer and discrepancies in the ITC data despite a special audit. The court referred to Sections 73(7) and 73(9) of the CGST/DGST Act regarding tax notices and penalties. The court found the officer did not properly consider the detailed reply and supporting documents provided by the taxpayer. Consequently, the court set aside the order dated 27.04.2024, ruling in favor of the petitioner and disposing of the petition.
The Delhi High Court reviewed a case concerning excess Input Tax Credit claimed by a taxpayer by comparing GSTR-2A with GSTR-3B. The court noted the lack of cooperation from the taxpayer and discrepancies in the ITC data despite a special audit. The court referred to Sections 73(7) and 73(9) of the CGST/DGST Act regarding tax notices and penalties. The court found the officer did not properly consider the detailed reply and supporting documents provided by the taxpayer. Consequently, the court set aside the order dated 27.04.2024, ruling in favor of the petitioner and disposing of the petition.
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