This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from February 14 to February 19, 2021.
Dee Vee Projects Ltd. Vs. Maharashtra Govt.
The Bombay High Court has held that adequate emphasis to be not only on ‘having reasons to believe’ to block ITC but also on ‘recording of the reasons’ under GST.
Utkarsh Spat LLP Vs. State of Gujarat
The Gujarat High court has refused to approve provisional attachment of goods, stock when entire stock have been pledged, floating charge has been created.
Samay Alloys Vs. State of Gujarat
The Gujarat High Court while directing the GST Department to refund Rs.20 Lakh to assessee held that no power of negative block for credit to be availed in future.
Assistant Commissioner Vs. M/s C.P. Agro Industries
The Rajasthan High court has held that provisions of Rajasthan VAT Act, 2003 enacted to provide remedy for loss of revenue, not to punish the offender for committing Offence.
Tvl.Sugana Cutpiece Centre Vs. Appellate Deputy Commissioner
The Madras High court has directed the assessee to pay GST for a period subsequent to the cancellation of registration by declaring the correct value of supplies.
S.M.Smith and Son Vs. State of Gujarat
The Gujarat High Court has held that proceedings under Section 138 of the NI Act would lie only in respect of any Enforceable Debt.
Yogesh Roshanlal Gupta Vs. CBDT
The Supreme Court while reversing the High Court’s Order has ruled that the assessee can adjust Income Tax paid under Income Declaration Scheme, 2016 with tax payable if his application was rejected.
In a major relief to Tata, the Bombay High Court has quashed the Income Tax reassessment notice.
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