Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
The High Court addressed a challenge to summons issued u/s 81 of TNVAT Act, 2006 in Form PP to petitioners for document submission. Petitioner argued Form PP applies only to third parties, not assesses. Court held Section 22(3) of TNVAT Act, 2006 and Rule 10(11) of TNVAT Rules, 2007 aim to select 20% assessments for detailed scrutiny. Assessment completion u/s 22 doesn't bar Assessing Officer from seeking info from listed dealers. Commercial Tax Dept. can summon petitioners for records to verify return accuracy. Court found no merit in the petitions and dismissed them.
The High Court addressed a challenge to summons issued u/s 81 of TNVAT Act, 2006 in Form PP to petitioners for document submission. Petitioner argued Form PP applies only to third parties, not assesses. Court held Section 22(3) of TNVAT Act, 2006 and Rule 10(11) of TNVAT Rules, 2007 aim to select 20% assessments for detailed scrutiny. Assessment completion u/s 22 doesn't bar Assessing Officer from seeking info from listed dealers. Commercial Tax Dept. can summon petitioners for records to verify return accuracy. Court found no merit in the petitions and dismissed them.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
