Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
HC dismissed the writ petition challenging tax credit demand, finding systematic fraudulent ITC availing by the petitioner. The key supplier M/s Fortune Graphics Limited was untraceable, with its director admitting no actual goods supply occurred. While declining immediate judicial intervention, the HC permitted the petitioner to pursue appellate remedies under Section 107, mandating pre-deposit by 15th July, 2025. The court noted the need for detailed factual scrutiny regarding specific entity's ITC claims, which exceeded writ jurisdiction's scope. The petition was disposed of, allowing potential appellate challenge subject to prescribed legal procedures.
HC dismissed the writ petition challenging tax credit demand, finding systematic fraudulent ITC availing by the petitioner. The key supplier M/s Fortune Graphics Limited was untraceable, with its director admitting no actual goods supply occurred. While declining immediate judicial intervention, the HC permitted the petitioner to pursue appellate remedies under Section 107, mandating pre-deposit by 15th July, 2025. The court noted the need for detailed factual scrutiny regarding specific entity's ITC claims, which exceeded writ jurisdiction's scope. The petition was disposed of, allowing potential appellate challenge subject to prescribed legal procedures.
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