Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
The HC dismissed the writ petition challenging the denial of Input Tax Credit (ITC) where the petitioner was found to have availed inadmissible credit based on fictitious invoices issued by non-existent suppliers. The Court held that no Show Cause Notice or personal hearing violated natural justice principles, but the writ petition was not maintainable due to the fraudulent nature of the ITC claim, aligning with precedent restricting writ relief in such cases to protect the exchequer and GST regime. The limitation argument was rejected as the impugned order was validly passed within the prescribed period. The petitioner was granted leave to file an appeal before the Appellate Authority within one month, subject to the required pre-deposit.
The HC dismissed the writ petition challenging the denial of Input Tax Credit (ITC) where the petitioner was found to have availed inadmissible credit based on fictitious invoices issued by non-existent suppliers. The Court held that no Show Cause Notice or personal hearing violated natural justice principles, but the writ petition was not maintainable due to the fraudulent nature of the ITC claim, aligning with precedent restricting writ relief in such cases to protect the exchequer and GST regime. The limitation argument was rejected as the impugned order was validly passed within the prescribed period. The petitioner was granted leave to file an appeal before the Appellate Authority within one month, subject to the required pre-deposit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
