Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
The HC allowed the petition and quashed the seizure order and related proceedings. The court found the E-way bill accompanied the conveyance and, although the delivery challan was not initially produced at interception, it was furnished prior to the seizure order and accepted by the first appellate authority as lawfully issued under the GST regime. No finding of tax evasion was recorded against the petitioner, and ownership of the excavator by the petitioner was undisputed. Because the statutory documents were validly issued and no evasion was shown, the impugned action was held vitiated and was set aside, with the petition accordingly allowed.
The HC allowed the petition and quashed the seizure order and related proceedings. The court found the E-way bill accompanied the conveyance and, although the delivery challan was not initially produced at interception, it was furnished prior to the seizure order and accepted by the first appellate authority as lawfully issued under the GST regime. No finding of tax evasion was recorded against the petitioner, and ownership of the excavator by the petitioner was undisputed. Because the statutory documents were validly issued and no evasion was shown, the impugned action was held vitiated and was set aside, with the petition accordingly allowed.
Note: It is a system-generated summary and is for quick reference only.