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 a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
The High Court reviewed a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
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