Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
The HC held that the petition is not maintainable insofar as the petitioner failed to show that the officer exercising Section 129(3) of the CGST Act lacked jurisdiction or that "specifying the penalty payable" requires assessment of goods and valuation prior to its specification; prima facie the petitioner did not cooperate in proceedings under Section 129. The writ petition is disposed of with the petitioner directed to exhaust the remedy of appeal before the appellate authority within one month of receipt of the order. The appellate authority is requested to decide the memorandum of appeal within a reasonable period, namely three months from receipt. No stay was granted.
The HC held that the petition is not maintainable insofar as the petitioner failed to show that the officer exercising Section 129(3) of the CGST Act lacked jurisdiction or that "specifying the penalty payable" requires assessment of goods and valuation prior to its specification; prima facie the petitioner did not cooperate in proceedings under Section 129. The writ petition is disposed of with the petitioner directed to exhaust the remedy of appeal before the appellate authority within one month of receipt of the order. The appellate authority is requested to decide the memorandum of appeal within a reasonable period, namely three months from receipt. No stay was granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
