Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
The High Court reviewed the validity of the show cause notice (SCN) and assessment order u/s 129 of the CGST Act. The issue centered on penalty imposition due to non-updation of the e-way bill resulting from goods transfer to another vehicle. The court found no evidence of intent to contravene the Act or evade tax. Consequently, a general penalty of Rs. 25,000 was imposed on the petitioner u/s 125 of the CGST Act. The impugned notice and order were set aside, with a direction for the respondents to refund the tax after deducting the penalty. The court deemed it just to levy the maximum penalty of Rs. 25,000, ultimately allowing the petition.
The High Court reviewed the validity of the show cause notice (SCN) and assessment order u/s 129 of the CGST Act. The issue centered on penalty imposition due to non-updation of the e-way bill resulting from goods transfer to another vehicle. The court found no evidence of intent to contravene the Act or evade tax. Consequently, a general penalty of Rs. 25,000 was imposed on the petitioner u/s 125 of the CGST Act. The impugned notice and order were set aside, with a direction for the respondents to refund the tax after deducting the penalty. The court deemed it just to levy the maximum penalty of Rs. 25,000, ultimately allowing the petition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
