Search Results for Tag : Section 74

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Madras HC: Signing of Statement Admitting Tax Liability Not Lead to Self-Assessment(20.04.2022)

Madras High Court has ruled that the signing of a statement by the taxpayer admitting tax liability under the stress of investigation and making payme.....

Tags : Madras High Court, section 74 of the Central Goods and Services Tax Act, 1961, taxpayer, tax liability

SC: Clause for Forfeiture of Earnest Money is Not Penal in Ordinary Sense(05.05.2025)

Supreme Court has observed that a clause for the forfeiture of earnest money is not penal in the ordinary sense, rendering Section 74 of the Indian Co.....

Tags : Supreme Court, Earnest Money, Section 74

All. HC: Bail Granted to Assessee Since Proceedings u/s 70 and 74 of GST Act Pending for Too Long(04.03.2024)

Allahabad High Court while granting bail to an assessee who had availed excess input tax credit, has stated that since the proceedings under Section 7.....

Tags : Allahabad High Court, Bail, Section 70 of GST Act, Section 74 of GST Act