Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT determined appellant's entitlement to 12% per annum interest on refund amounts deposited during investigation, overruling Commissioner (Appeals) order of 6%. The ruling aligned with established precedents from multiple High Courts, particularly the jurisdictional High Court decisions that consistently awarded 12% interest in similar refund cases. The Original Authority was directed to recalculate interest at 12% instead of 6%. This determination reflects the standardized approach to interest computation on investigative deposits when refunded, ensuring consistency with judicial precedent. The appeal succeeded, establishing appellant's right to the higher interest rate on their deposited funds.
CESTAT determined appellant's entitlement to 12% per annum interest on refund amounts deposited during investigation, overruling Commissioner (Appeals) order of 6%. The ruling aligned with established precedents from multiple High Courts, particularly the jurisdictional High Court decisions that consistently awarded 12% interest in similar refund cases. The Original Authority was directed to recalculate interest at 12% instead of 6%. This determination reflects the standardized approach to interest computation on investigative deposits when refunded, ensuring consistency with judicial precedent. The appeal succeeded, establishing appellant's right to the higher interest rate on their deposited funds.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
