Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
HC ruled on a Benami property case where petitioners initially challenged provisional attachment orders u/s 26(3) of the Prohibition of Benami Property Transactions Act. Though petitioners bypassed the standard appellate process, the court deemed their proceedings as good faith actions. The court directed petitioners to pursue appellate remedy before the Appellate Tribunal, allowing them until February 28, 2025, to file appeals. The period of pending writ petition will be excluded from limitation u/s 14 of Limitation Act. For ongoing confiscation proceedings, the Adjudicating Authority must grant petitioners adequate time as per Proviso to Section 27(1) before proceeding further. Appeals filed by the specified deadline won't be dismissed on limitation grounds.
HC ruled on a Benami property case where petitioners initially challenged provisional attachment orders u/s 26(3) of the Prohibition of Benami Property Transactions Act. Though petitioners bypassed the standard appellate process, the court deemed their proceedings as good faith actions. The court directed petitioners to pursue appellate remedy before the Appellate Tribunal, allowing them until February 28, 2025, to file appeals. The period of pending writ petition will be excluded from limitation u/s 14 of Limitation Act. For ongoing confiscation proceedings, the Adjudicating Authority must grant petitioners adequate time as per Proviso to Section 27(1) before proceeding further. Appeals filed by the specified deadline won't be dismissed on limitation grounds.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
