Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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The HC held that the Show Cause Notice (SCN) was invalidly issued as it merely alleged wrongful refund claims without substantiating fraud or misrepresentation. Following precedents in Parity Infotech and HCL Infotech Ltd., the Court determined that invoking the extended limitation period under Section 74 requires specific allegations of fraud, misstatement, or suppression of facts, not merely mechanical reproduction of statutory language. The Court found the SCN was issued as a circuitous means to avoid consequences from previous litigation between the parties, and that refund claims cannot be legitimately stalled through such tactics. The petition was accordingly disposed of in the petitioner's favor.
The HC held that the Show Cause Notice (SCN) was invalidly issued as it merely alleged wrongful refund claims without substantiating fraud or misrepresentation. Following precedents in Parity Infotech and HCL Infotech Ltd., the Court determined that invoking the extended limitation period under Section 74 requires specific allegations of fraud, misstatement, or suppression of facts, not merely mechanical reproduction of statutory language. The Court found the SCN was issued as a circuitous means to avoid consequences from previous litigation between the parties, and that refund claims cannot be legitimately stalled through such tactics. The petition was accordingly disposed of in the petitioner's favor.
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