Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
HC held that service tax liability cannot be inferred from Form 26AS alone; tax must rest on a statutory basis and a proper assessment under the Finance Act, 1994. Because the adjudicating authority relied on income-tax data without determining whether the receipts were taxable or exempt healthcare receipts, the demand was unsustainable. It also held that the extended limitation under the proviso to section 73(1) requires the statutory preconditions, including a clear finding of wilful intent to evade tax; mere non-filing of returns or non-production of documents was insufficient, so the notice and adjudication lacked jurisdiction. The writ was maintainable despite an alternative remedy, and the show cause notice, order-in-original, interest and penalties were quashed.
HC held that service tax liability cannot be inferred from Form 26AS alone; tax must rest on a statutory basis and a proper assessment under the Finance Act, 1994. Because the adjudicating authority relied on income-tax data without determining whether the receipts were taxable or exempt healthcare receipts, the demand was unsustainable. It also held that the extended limitation under the proviso to section 73(1) requires the statutory preconditions, including a clear finding of wilful intent to evade tax; mere non-filing of returns or non-production of documents was insufficient, so the notice and adjudication lacked jurisdiction. The writ was maintainable despite an alternative remedy, and the show cause notice, order-in-original, interest and penalties were quashed.
Note: It is a system-generated summary and is for quick reference only.