Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
In a case before the High Court, the petitioner sought recovery of CGST, SGST, and KFC amounts following a search and seizure at their business premises. The petitioner claimed they were not provided with the demanded documents, hindering their ability to respond to the show cause notice. The Court noted the lack of a reply from the petitioner and ordered the respondents to supply the required documents within three days. The petitioner was granted 10 days to file a reply, ultimately leading to the disposal of the writ petition. The Court's decision emphasized upholding principles of natural justice in the proceedings.
In a case before the High Court, the petitioner sought recovery of CGST, SGST, and KFC amounts following a search and seizure at their business premises. The petitioner claimed they were not provided with the demanded documents, hindering their ability to respond to the show cause notice. The Court noted the lack of a reply from the petitioner and ordered the respondents to supply the required documents within three days. The petitioner was granted 10 days to file a reply, ultimately leading to the disposal of the writ petition. The Court's decision emphasized upholding principles of natural justice in the proceedings.
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