Tax authority's substitution of projected figures with actuals overturned; original acquisition valuation upheld; transfer pricing issues remitted for...
Beneficial owner held liable for differential customs duty; royalties added under Rule 10(1)(c); confiscation, penalties under s.111(m), s.114A, s.112...
The HC allowed the petition and set aside the impugned orders of 09.08.2024 and 30.08.2024 imposing penalty under s.129(3) of the U.P. Goods and Services Act, 2017. Although the e-way bill had expired and was not renewed, the vehicle carried the goods and invoices at inspection, and the assessing authority failed to demonstrate any material indicating an intention by the petitioner to evade tax. In the absence of requisite satisfaction as to tax-evasion intent, the technical non-compliance alone could not sustain penalty under s.129(3); accordingly the penalty orders were quashed and the petition was allowed.
The HC allowed the petition and set aside the impugned orders of 09.08.2024 and 30.08.2024 imposing penalty under s.129(3) of the U.P. Goods and Services Act, 2017. Although the e-way bill had expired and was not renewed, the vehicle carried the goods and invoices at inspection, and the assessing authority failed to demonstrate any material indicating an intention by the petitioner to evade tax. In the absence of requisite satisfaction as to tax-evasion intent, the technical non-compliance alone could not sustain penalty under s.129(3); accordingly the penalty orders were quashed and the petition was allowed.
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