Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The HC dismissed the writ petition filed beyond the prescribed limitation period under Section 107(1) of the GST Act, declining to exercise jurisdiction under Articles 226 and 227. The petition challenged the disallowance of ITC on grounds that the supplier failed to discharge tax liability by filing GSTR-3B returns for supplies made during August to November 2019. The court held that the Assessing Authority's demand, based on examination of records under Section 74, was proper. Questions regarding the recipient's entitlement to ITC despite the supplier's non-compliance are factual and legal issues reserved for the appellate authority under Section 107, which is empowered to reappreciate evidence. The petitioner was permitted to pursue remedy before the appellate forum, and the court clarified that discussion of facts was not an opinion on merits. The petition was accordingly disposed of.
The HC dismissed the writ petition filed beyond the prescribed limitation period under Section 107(1) of the GST Act, declining to exercise jurisdiction under Articles 226 and 227. The petition challenged the disallowance of ITC on grounds that the supplier failed to discharge tax liability by filing GSTR-3B returns for supplies made during August to November 2019. The court held that the Assessing Authority's demand, based on examination of records under Section 74, was proper. Questions regarding the recipient's entitlement to ITC despite the supplier's non-compliance are factual and legal issues reserved for the appellate authority under Section 107, which is empowered to reappreciate evidence. The petitioner was permitted to pursue remedy before the appellate forum, and the court clarified that discussion of facts was not an opinion on merits. The petition was accordingly disposed of.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
