https://www.taxtmi.com/caselaws?id=437910 The High Court ruled that the sales of old cars by the appellant were not taxable as they were not intended as a business activity. The court held that the amount received from the sale of old cars should not be included in the taxable income. Additionally, the court found that the appellant was not liable for penalty or interest on the incorrectly claimed Input Tax Credit (ITC) as there was no intention to claim wrong relief. The court allowed the appeal and set aside the previous order, relieving the appellant from tax liability, penalty, and interest. en-us Thu, 27 Apr 2023 00:00:00 +0530 Wed, 17 May 2023 21:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437910 The High Court ruled that the sales of old cars by the appellant were not taxable as they were not intended as a business activity. The court held that the amount received from the sale of old cars should not be included in the taxable income. Additionally, the court found that the appellant was not liable for penalty or interest on the incorrectly claimed Input Tax Credit (ITC) as there was no intention to claim wrong relief. The court allowed the appeal and set aside the previous order, relieving the appellant from tax liability, penalty, and interest. Case-Laws VAT and Sales Tax Thu, 27 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437910