Search & Seizure carried out by Inspector of CGST dept. without authority of a proper jurisdictional officer is unlawful: Delhi HC
Income Tax Department conducts searches PAN-India in a prominent group having diversified businesses: Diversion of Funds, Bougs Expenses, Cyclical trading and transfer of funds amongst group companies
GST registration required for Charitable Trust running medical store to give medicines without profit: Gujarat HC
Merely because the assessee claimed deduction which has not been accepted by the Revenue do not amount to furnishing inaccurate particulars regarding the income of the assessee.
Self-acquired property of deceased Hindu governed by Dayabhaga school devolving in heirs is an individual property and not HUF Property.
A proviso cannot be construed as enlarging the scope of an enactment when it can be fairly and properly construed without attributing to it that effect.
A sudden search and seizure may unnerve the inmates of the place where the search is made. But this is to be expected: Supreme Court
In case money is borrowed by a newly started company which is in the process of constructing and erecting its plant, the interest incurred before the commencement of production on such borrowed money can be capitalised and added to the cost of the fixed assets: Supreme Court
No penalty should be imposed unless the party either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest: Supreme Court
