Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
The HC directed provisional release of goods and conveyance during pending revisional proceedings after noting that the first appellate authority had already modified the confiscation order and imposed liability under Section 129(1)(a), which the petitioner had satisfied. Because the revision had not yet resulted in a final order reviving action under Section 130, release was allowed but subject to revenue protection. The petitioner was required to furnish an indemnity bond and remain bound by the undertaking already filed, while the revenue retained liberty to enforce the revisional outcome. The merits of the revision were left open for the revisional authority.
The HC directed provisional release of goods and conveyance during pending revisional proceedings after noting that the first appellate authority had already modified the confiscation order and imposed liability under Section 129(1)(a), which the petitioner had satisfied. Because the revision had not yet resulted in a final order reviving action under Section 130, release was allowed but subject to revenue protection. The petitioner was required to furnish an indemnity bond and remain bound by the undertaking already filed, while the revenue retained liberty to enforce the revisional outcome. The merits of the revision were left open for the revisional authority.
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