Reasonable Cause for Late Return: penalty under section 271(1)(c) unsustainable where disclosure, audit filing and voluntary offer showed no concealme...
Proceeds of crime and property equivalent in value: failure to explain lawful source sustains attachment; lack of required notice can vitiate confirma...
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Dispute concerns recovery of funds erroneously transferred to a wrong beneficiary account and the applicability of CGST/WBGST provisions. HC examined bank report, affidavit of the added respondent and Ombudsman order, found transfer resulted from payers mistake (account digits mismatched) and that the unintended recipient disavowed any commercial relationship and consented to return the funds; consequently the bank was directed to credit the amount back to the payers account within one week. The operative effect is mandatory restitution of the mistakenly transferred amount by the bank to the payer.
Dispute concerns recovery of funds erroneously transferred to a wrong beneficiary account and the applicability of CGST/WBGST provisions. HC examined bank report, affidavit of the added respondent and Ombudsman order, found transfer resulted from payers mistake (account digits mismatched) and that the unintended recipient disavowed any commercial relationship and consented to return the funds; consequently the bank was directed to credit the amount back to the payers account within one week. The operative effect is mandatory restitution of the mistakenly transferred amount by the bank to the payer.
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