Supreme Court stays DGGI order on the issue of bar on two parallel GST proceedings in terms of Section 6(2)(b) of GST Act In a recent order, Hon’ble Supreme Court admitted SLP against the judgment of the Bombay High Court which held that law laid down by Supreme …

Assessee could not said to indulged in penny stock sale on human probabilities without showing his involvement – ITAT deleted addition under section 68 In a recent judgment ITAT Delhi deleted addition observing that applied the concept of Human probabilities and held the above said scrips to be …

Before staying CESTAT order the High Court should have framed the substantial questions of law and thereafter could have passed the stay order. In a recent judgment, Hon’ble Supreme Court has held that before staying order of CESTAT the correct course to be followed by the High Court …

Chartered Accountant issuing Form 15CB not required check genuineness or otherwise of documents submitted by his clients – Supreme Court dismissed SLP In A recent judgment, Hon’ble Supreme Court has dismissed SLP against the judgment of Madras High Court which held that Chartered Accountant issuing Form 15CB is …

Ongoing investigation qua absconding person, cannot be a ground to deny bail to person against whom the investigations have been completed and the Complaint filed in the Court. In a recent judgment, Delhi High Court has granted bail to the accused of GST evasion holding that ongoing investigation …

Accommodation entry operators also routinely obtain PAN, file ITRs, and maintain bank accounts, to give a facade of legitimacy to sham transactions. In a recent judgment, Chhattisgarh High Court confirmed addition u/s 68 holding that accommodation entry operators also routinely obtain PAN, file ITRs, and maintain bank accounts, …