Mayank Bansal Vs Union of India
Date: June 7, 2026
Subject Matter
Section 122(1A) Penalty for Retaining Transaction Benefits Applies to Partners and Prior Periods
Summary
The High Court allowed the imposition of penalty on partners under Section 122(1A) of the CGST Act, ruling that the provision applies to 'any person' who retains benefits and initiates transactions, not exclusively the 'taxable person.' The Court fur…
FULL TEXT OF THE JUDGMENT/ORDER OF GUWAHATI HIGH COURT Heard Mr. B. Raichandani, the learned counsel appearing on behalf of the Writ Petitioners in both the writ petitions. I have also heard Mr. S. C. Keyal, the learned Senior counsel assisted by Mr. K. Jain, the learned counsel appearing on behalf of the Respondents. PRELUDE: 2. In both the writ petitions, the Petitioners have assailed the…