Thursday, December 5, 2019

HC’s Interim orders for release of seized goods on deposit of security except cash or bank guarantee were invalid

GST : Where interim order was passed by High Court directing State to release seized goods, subject to deposit of security other than cash or bank guarantee or in alternative, indemnity bond equal to value of tax and penalty to satisfaction of Assessing Authority, it was held that High Court ought to have been loathe to entertain Writ Petitions questioning seizure of goods and to issue directions for its release and, therefore, orders passed by High Court which were contrary to stated provisions

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192149/hc’s-interim-orders-for-release-of-seized-goods-on-deposit-of-security-except-cash-or-bank-guarantee-were-invalid.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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