Judgement

Reassessment proceedings vitiated for breach of prior court directions and principles of natural justice

Fresh Section 148A(b) Notice Without Supplying Material Held Unsustainable by Gujarat HC

Scheme-level PAN does not defeat pass-through status where AIF registration exists at trust level; denial leads to impermissible double taxation

ITAT Allows Section 10(23FBA) Exemption to Edelweiss Despite Separate PAN

Gujarat HC Quashes GST Confiscation for Skipping Section 129 Procedure

GST Authorities Cannot Jump from Section 129 to Section 130 Without Completing Statutory Procedure: Gujarat HC

The court had held that when purchases are treated as bogus, only the income or the benefit portion can be brought to tax, and the entire purchases cannot be disallowed.

Only Income Component of the Alleged Bogus Purchases Can be Taxed, Not the Entire Purchases: High Court

Transfer of long-term leasehold interest treated as immovable property, not supply of service

GST Not Leviable on Assignment of GIDC Leasehold Rights, Gujarat HC Reiterates

Failure to explain auditor’s adverse remarks on statutory deposits attracts Section 134(8) penalty

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Fresh Section 148A(b) Notice Without Supplying Material Held Unsustainable by Gujarat HC

ITAT Allows Section 10(23FBA) Exemption to Edelweiss Despite Separate PAN

GST Authorities Cannot Jump from Section 129 to Section 130 Without Completing Statutory Procedure: Gujarat HC

Only Income Component of the Alleged Bogus Purchases Can be Taxed, Not the Entire Purchases: High Court

GST Not Leviable on Assignment of GIDC Leasehold Rights, Gujarat HC Reiterates

ROC Imposes Penalty on Company for Inadequate Directors’ Report Disclosures