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2022-TIOL-NEWS-060 Part 2 | March 14, 2022
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Dear Member,
,Sending following links. Warm Regards,
TIOL Content Team
TIOL PRIVATE LIMITED.
For assistance please call us at + 91 7838594749 or email us at helpdesk@tiol.in. |
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TIOL AWARD |
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INCOME TAX |
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2022-TIOL-270-ITAT-DEL
ACIL Ltd Vs ACIT
Whether penalty imposed u/s 271(1)(c) is proper where the AO omits to issue notice for assumption of jurisdiction & where notice issued u/s 274 is found to be defective - NO: ITAT
- Assessee's appeal allowed: DELHI ITAT
2022-TIOL-269-ITAT-MUM
Gaurav Investments Vs DCIT
Whether as per settled position in law, interest u/s 234C is to be levied only in respect of returned income & not the assessed income - YES: ITAT
- Assessee's appeal partly allowed: MUMBAI ITAT
2022-TIOL-339-HC-DEL-IT
Jai Singh Goel Vs CCIT
Whether application for compounding of offences can be rejected on grounds that the claimant was not acquitted of criminal charges - NO: HC
- Writ petition allowed: DELHI HIGH COURT
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GST CASE |
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2022-TIOL-350-HC-DEL-GST
Pashupati Properties Estate Pvt Ltd Vs CCT & GST
GST - Petitioner sought directions to Respondent to release/de-freeze their immovable property that was provisionally attached -
Admittedly, after the issuance of impugned letter, no fresh attachment order in Form GST DRC-22 has been issued - According to Section 83(2) of CGST Act, every provisional attachment order ceases to have effect after the expiry of a period of one year from the date the order was passed under Section 83(1) of CGST Act - Consequently, impugned provisional attachment order/letter is no longer effective - Accordingly, Respondent is directed to defreeze the bank accounts and release immovable properties of petitioner not later than three days: HC
- Writ petition disposed of: DELHI HIGH COURT
2022-TIOL-349-HC-DEL-GST
Naval Kumar Vs CCT & GST
GST - Petition has been filed challenging the letter issued under Section 83 of CGST Act, 2017 whereby Respondent has directed the Bankers to provisionally attach bank accounts as well as immovable properties of three petitioners - Petitioner states that without prejudice to their rights and contentions, they have no objection to their accounts being debit freezed for Rs.25,000/- each, subject to final determination of SCNs - Bankers of Petitioners are directed to debit freeze account of petitioners for Rs.25,000/- each - The immovable properties of petitioners are directed to be released/de-freezed not later than three days - The bankers are also directed to allow Petitioners to utilize the amount lying in their bank accounts over and above the amount of Rs.25,000/: HC
- Writ petition disposed of: DELHI HIGH COURT |
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TIOL PRIVATE LIMITED.
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