Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Page of 4803
Press 'Enter' after typing page number.
701 to 720 of 96046 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
