Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The HC declined to initiate contempt proceedings, holding that although the Respondent breached the court-recorded undertaking pursuant to the settlement, the shortfall (approximately Rs.70-75 lakh of Rs.5.45 crore) principally stems from financial incapacity rather than wilful and contumacious disobedience; consequently, the threshold for criminal standard contempt under Section 2(b) of the Contempt of Courts Act, 1971, is not met. The Respondent is granted until 31.12.2025 to pay the outstanding principal with 12% interest as per the undertaking; failure to comply will entitle the Complainants to pursue execution of the undertaking. Petition disposed.
The HC declined to initiate contempt proceedings, holding that although the Respondent breached the court-recorded undertaking pursuant to the settlement, the shortfall (approximately Rs.70-75 lakh of Rs.5.45 crore) principally stems from financial incapacity rather than wilful and contumacious disobedience; consequently, the threshold for criminal standard contempt under Section 2(b) of the Contempt of Courts Act, 1971, is not met. The Respondent is granted until 31.12.2025 to pay the outstanding principal with 12% interest as per the undertaking; failure to comply will entitle the Complainants to pursue execution of the undertaking. Petition disposed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
