Personal liberty safeguards restrict arrest after court-directed GST appearance, requiring interim release where authorities overreach pending proceed...
Alternative statutory remedy and delay bar GST writ challenges despite pending rectification, while distinct subject matter permits parallel proceedin...
Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
HC ruled in favor of the assessee on multiple taxation issues related to insurance business. The court held that Section 14A does not apply to insurance company assessments, which are governed by Section 44 and First Schedule rules. The court affirmed the scientific basis for IBNR and IBNER provisions made by a registered actuary. Regarding motor vehicle dealer payments, the matter was remanded to the Assessing Officer to verify services based on CESTAT's order. Substantially, the decision favored the assessee on computational methodology and provision claims, with a limited remand on one specific issue against the assessee.
HC ruled in favor of the assessee on multiple taxation issues related to insurance business. The court held that Section 14A does not apply to insurance company assessments, which are governed by Section 44 and First Schedule rules. The court affirmed the scientific basis for IBNR and IBNER provisions made by a registered actuary. Regarding motor vehicle dealer payments, the matter was remanded to the Assessing Officer to verify services based on CESTAT's order. Substantially, the decision favored the assessee on computational methodology and provision claims, with a limited remand on one specific issue against the assessee.
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