Taxation Law – Disallowance of Input Tax Credit – Section 73 of the CGST Act – Petitioner challenged the denial of ITC on works contract services used for constructing shopping malls, citing inconsistency with the Supreme Court's ruling in Chief Commissioner of Central Goods and Services Tax v. M/s Safari Retreats Private Ltd. – High Court held that the assessment order...
Taxation Law - Excise Duty – Valuation of Goods – Price as Sole Consideration – Transaction Value Defined – Held: Sales between Oil Marketing Companies under an MOU did not satisfy conditions under Section 4(1)(a) of the Central Excise Act, 1944, as the price was not the sole consideration for the sale – The MOU primarily aimed to ensure uninterrupted supply, not comm...
Taxation Law - Direct Tax – Computation of Disputed Tax – Applicability of 100% Rate – Section 3, DTVSV Act – Circular No. 21/2020 – Petitioner’s case mistakenly treated as a “search case,” and disputed tax computed at 125% instead of 100% – Respondents conceded the error, acknowledging it as a "non-search case" – Held: Tax to b...
Income Tax Act, 1961 – Section 260A – Kar Vivad Samadhan Scheme, 1998 – Appeal against Tribunal's order dismissing appellant's plea due to non-payment under the Scheme – Tribunal and lower authorities erred in dismissing appeal as withdrawn without issuing a certificate under Section 90(2) of the 1998 Act – Appeal allowed, remanded to Commissioner (Appeal) for...
Income Tax – Assessment Order – Natural Justice – Petitioner challenged the assessment order dated 7th March 2024 and the demand notice issued under the Income Tax Act – Contended that the assessment was based on evidence from third parties without allowing the petitioner to cross-examine them – Court observed that the petitioner had responded to the notices and parti...
Taxation Law – Limitation for Reopening Assessment – The petitioner challenged the reopening of its assessment for the year 2011-12 under the Kerala Value Added Tax Act (KVAT Act) – The assessment was reopened by notice issued on 24.01.2018, beyond the five-year limitation period set by Section 25(1) of the KVAT Act as it stood prior to 01.04.2017 – The High Court held that...
Income Tax – Unexplained Cash Deposits – Appellant failed to satisfactorily explain the source of Rs. 47,30,000/- deposited in his bank account – Claimed cash belonged to Kana Ram, who sold an immovable property but had no bank account – Kana Ram’s contrary statement led to the addition of Rs. 34,50,000/- as income – Tribunal and lower authorities uphe...
Taxation Law - Recovery of Interest and Penalty – Section 11A of the Excise Act – Applicability of Natural Justice – Petitioner challenged the freezing of its bank account and demand for interest and penalty on delayed payment of excise duty, claiming that no show cause notice or opportunity to explain the delay was provided – Held: Under Sections 11AA and 11AC of the Excis...
Taxation Law - GST – Liability of Government Entity – Flawed Adjudication – Order Quashed – Petitioner challenged GST liability of ₹99,05,74,260/- and penalties imposed by the adjudicating authority under the CGST/SGST Acts – Court noted contradictions in the adjudication order, including conflicting findings on the ownership of goods – Held: Adjudication orde...
Income Tax – Cooperative Society – Retrospective Amendment – Waiver of Interest – Section 234-B and 234-C of Income Tax Act – The petitioner, a cooperative society, contested interest levied due to a retrospective amendment in Section 80(P)(2)(a)(iii) denying tax exemption for agricultural product marketing societies – Citing prior judicial precedent supporting ...