Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
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High Court found the petitioner's statutory replies to Form GST DRC-01 notices inadequate, holding that mere production of voluminous documents does not negate alleged excess input tax claims. The Court required tabulation and reconciliation of bank statement entries with monthly GSTR-3B returns and annual GSTR-9/9C filings, and granted one opportunity for a clarified reply. Matters were remitted for fresh adjudication on merits, conditioned on the petitioner making a pre-deposit of Rs. 35,00,000 from its Electronic Cash Register within 30 days; bank attachment will be lifted on compliance and recovery proceedings are stayed during the compliance period.
High Court found the petitioner's statutory replies to Form GST DRC-01 notices inadequate, holding that mere production of voluminous documents does not negate alleged excess input tax claims. The Court required tabulation and reconciliation of bank statement entries with monthly GSTR-3B returns and annual GSTR-9/9C filings, and granted one opportunity for a clarified reply. Matters were remitted for fresh adjudication on merits, conditioned on the petitioner making a pre-deposit of Rs. 35,00,000 from its Electronic Cash Register within 30 days; bank attachment will be lifted on compliance and recovery proceedings are stayed during the compliance period.
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