Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
The HC disposed of a petition challenging the freezing of petitioner's bank accounts. The petitioner's grievance concerned the freezing of two additional accounts opened under the same PAN number following communication dated 16 June 2024. The court held that since an appeal under Section 107 of the Central Goods and Services Tax Act 2017 had been filed against the impugned Order-in-Original, the final order dated 28 January 2025 was automatically stayed. Consequently, the HC directed Kotak Mahindra Bank to immediately de-freeze all three accounts and ordered the Department to communicate with the bank to lift the debit freeze. The petition was disposed of with relief granted to the petitioner.
The HC disposed of a petition challenging the freezing of petitioner's bank accounts. The petitioner's grievance concerned the freezing of two additional accounts opened under the same PAN number following communication dated 16 June 2024. The court held that since an appeal under Section 107 of the Central Goods and Services Tax Act 2017 had been filed against the impugned Order-in-Original, the final order dated 28 January 2025 was automatically stayed. Consequently, the HC directed Kotak Mahindra Bank to immediately de-freeze all three accounts and ordered the Department to communicate with the bank to lift the debit freeze. The petition was disposed of with relief granted to the petitioner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
