Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
HC quashed the warrant of authorization and declared the search operation illegal under Section 132 of the Income Tax Act, 1961. The court found that the authorized officer, Sri Adarsh Kumar, improperly issued a notice under Section 131(1A) after conducting search operations, which violated procedural restrictions. The court emphasized that the power to issue such notices is strictly limited and must be exercised before initiating search proceedings. While the search warrant was invalidated, the court clarified that this does not automatically extend to other parties named in the satisfaction note, and the revenue authorities retain the right to pursue alternative legal actions against the petitioners.
HC quashed the warrant of authorization and declared the search operation illegal under Section 132 of the Income Tax Act, 1961. The court found that the authorized officer, Sri Adarsh Kumar, improperly issued a notice under Section 131(1A) after conducting search operations, which violated procedural restrictions. The court emphasized that the power to issue such notices is strictly limited and must be exercised before initiating search proceedings. While the search warrant was invalidated, the court clarified that this does not automatically extend to other parties named in the satisfaction note, and the revenue authorities retain the right to pursue alternative legal actions against the petitioners.
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