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...
HC quashed orders imposing tax and penalty under section 130 of GST Act arising from stock discrepancies discovered during business premises survey. Following established precedents, the Court held that mere stock discrepancies identified during survey warrant proceedings under sections 73/74 rather than section 130 of GST Act. The authority's direct invocation of section 130 was deemed legally unsustainable. The impugned orders dated 02.04.2024 by Additional Commissioner and 10.09.2018 read with 05.08.2020 by respondent authority were set aside, with the petition being allowed in favor of the registered dealer.
HC quashed orders imposing tax and penalty under section 130 of GST Act arising from stock discrepancies discovered during business premises survey. Following established precedents, the Court held that mere stock discrepancies identified during survey warrant proceedings under sections 73/74 rather than section 130 of GST Act. The authority's direct invocation of section 130 was deemed legally unsustainable. The impugned orders dated 02.04.2024 by Additional Commissioner and 10.09.2018 read with 05.08.2020 by respondent authority were set aside, with the petition being allowed in favor of the registered dealer.
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