Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Penalty under section 73 of the GST Act was found unjustified on the facts placed before the HC, and the petitioner was left free to make a proper representation on that issue. At the same time, once the tax liability was admitted, interest on belated payment remained payable under section 50(1). Because the order itself recorded an excess tax payment and there was doubt about the calculation, the interest had to be recomputed after adjusting the excess amount already paid. The matter was remitted for fresh determination of the correct interest payable, and only the balance, if any, could be demanded.
Penalty under section 73 of the GST Act was found unjustified on the facts placed before the HC, and the petitioner was left free to make a proper representation on that issue. At the same time, once the tax liability was admitted, interest on belated payment remained payable under section 50(1). Because the order itself recorded an excess tax payment and there was doubt about the calculation, the interest had to be recomputed after adjusting the excess amount already paid. The matter was remitted for fresh determination of the correct interest payable, and only the balance, if any, could be demanded.
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