Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Misdeclaration of export goods was established where scientific examination showed the recalled consignment to be low-gold bangles rather than the declared 22 carat jewellery, so confiscation under Sections 113(i) and 113(ja) was sustained. Diversion of duty-free gold under Notification No. 57/2000-Cus. was also proved because the quantity procured did not match the gold found, no manufacturing records explained the shortfall, and strict compliance with the exemption conditions was not shown; confiscation under Section 111(o) was therefore justified. Penalties were upheld only against persons whose conduct showed conscious facilitation or knowing use of false documents, while HDFC Bank, the Superintendent, and job workers were exonerated for lack of mens rea. Redemption fine was not imposed on unavailable goods.
Misdeclaration of export goods was established where scientific examination showed the recalled consignment to be low-gold bangles rather than the declared 22 carat jewellery, so confiscation under Sections 113(i) and 113(ja) was sustained. Diversion of duty-free gold under Notification No. 57/2000-Cus. was also proved because the quantity procured did not match the gold found, no manufacturing records explained the shortfall, and strict compliance with the exemption conditions was not shown; confiscation under Section 111(o) was therefore justified. Penalties were upheld only against persons whose conduct showed conscious facilitation or knowing use of false documents, while HDFC Bank, the Superintendent, and job workers were exonerated for lack of mens rea. Redemption fine was not imposed on unavailable goods.
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