Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Seizure of goods and levy of penalty were challenged on the ground that the e-way bill validity allegedly expired due to an auto-generated Part-B showing an incorrect distance. The goods were motor vehicle chassis duly accompanied by tax invoice, e-way bill, sale certificate, and temporary registration, and the delivery location was specifically reflected in the documents. As the distance field was auto-populated after Part-A and was not editable by the taxpayer, the authority had no basis to infer tax evasion, and mere expiry of an e-way bill was held insufficient to establish intent to evade tax. The seizure and penalty order was quashed and the petition was allowed - HC
Seizure of goods and levy of penalty were challenged on the ground that the e-way bill validity allegedly expired due to an auto-generated Part-B showing an incorrect distance. The goods were motor vehicle chassis duly accompanied by tax invoice, e-way bill, sale certificate, and temporary registration, and the delivery location was specifically reflected in the documents. As the distance field was auto-populated after Part-A and was not editable by the taxpayer, the authority had no basis to infer tax evasion, and mere expiry of an e-way bill was held insufficient to establish intent to evade tax. The seizure and penalty order was quashed and the petition was allowed - HC
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