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...
The High Court considered the issue of penalty levy for exporting dimensional blocks directly from unlicensed quarries u/s 11(2) of the Foreign Trade (Development and Regulation) Act, 1992. The petitioner exported from the quarry site instead of the licensed premises specified in the Letter of Permission. The Court noted the breach of civil obligations attracting penalty, emphasizing that penalty for tax delinquency is civil and coercive, distinct from criminal penalties. The Court upheld the penalty imposition, finding no illegality, and dismissed the petition. The petitioner's failure to comply with export regulations led to the penalty levy.
The High Court considered the issue of penalty levy for exporting dimensional blocks directly from unlicensed quarries u/s 11(2) of the Foreign Trade (Development and Regulation) Act, 1992. The petitioner exported from the quarry site instead of the licensed premises specified in the Letter of Permission. The Court noted the breach of civil obligations attracting penalty, emphasizing that penalty for tax delinquency is civil and coercive, distinct from criminal penalties. The Court upheld the penalty imposition, finding no illegality, and dismissed the petition. The petitioner's failure to comply with export regulations led to the penalty levy.
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