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![Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Purchase-Grey-Market-ITAT-Disallowance-Taxscan.jpeg "Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]")
Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has restricted the disallowance to 12.5% for the purchases made by the assessee from grey...
![Non Disclosure of Godowns and Non Payment of Tax Demonstrated Misconduct: Allahabad HC denies relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Non-Payment-of-Tax-Godowns-Allahabad-High-Court-Taxscan.jpg "Non Disclosure of Godowns and Non Payment of Tax Demonstrated Misconduct: Allahabad HC denies relief [Read Order]")
![Compounding Fee can exceed Principal Amount If Non-Payment of Tax was Wilful: Delhi HC Upholds CBDT Compounding Guidelines [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Compounding Fee can exceed Principal Amount If Non-Payment of Tax was Wilful: Delhi HC Upholds CBDT Compounding Guidelines [Read Judgment]")
Input Tax cannot be reversed on Ground of Non-Payment of Tax / Cancellation of RC of the Sellers: Madras HC [Read Judgment]
In a recent ruling, the single bench of the Madras High Court quashed the Orders passed by the VAT Authorities reversing Input Tax on ground that selling dealer has not paid taxes/selling dealers...
