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Mr. Uchit Sheth, learned advocate for the petitioner invited the attention of the court to the provisions of sections 129 and 130 of the Central Goods and Services Tax Act, 2017, to point out the procedure which is required to be followed by the respondent authorities in case where any goods

Devi Tradelink v. State of Gujarat

  Section 129 of IGST Act   GST
Where exemption under section 11 claimed by assessee-society was denied by AO solely because assessee was not registered under section 12AA, the matter was remanded back to AO to verify as to whether expenditure were actually incurred for the purposes of the running the institution or organizing its’ activities and assessee was directed to establish its bona fides before claiming the exemption.

Langar Committee Hanuman Mandir v. ITO

  Section 11   Direct Taxes
Where assessee produced share applicant before AO, but AO was of the view that share applicant had no means to make the subscription of share capital then AO could have taken action against investor for unexplained investment but no deduction could be made in assessee’s hand under section 68.

ASR Wines (P) Ltd. v. ITO

  Section 68   Direct Taxes
Since the petitioner is the owner of the goods, the goods was directed to be released on petitioner furnishing security of the amount equivalent to that mentioned in clause (a) of section 129(1) of the Act.

Ganga Industries v. UOI & Ors.

  Section 129(1) of GST Act, 2017   Direct Taxes
Since bonus paid to director was in addition to salary as a reward for services rendered by him and it was in no way related to their shareholdings in the assessee-company, therefore, same could not be treated as dividend payment in disguise and was, therefore, allowable under section 36(1)(ii).

Candor Business Solutions (P) Ltd. v. ITO

  Section 36(1)(ii)   Direct Taxes
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