Foodlink F and B Holdings India Private Limited v. Union of India and Ors.
Case brief
What is this about?
Bombay High Court interim adjournment order; Foodlink F and B Holdings India Pvt Ltd v Union of India; WP 3406/2024; GST evasion apprehension by CGST and Central Excise, Navi Mumbai; independent Chartered Accountant Sagar Shah report; INR 512 Crores inter-bank transfers not disclosed in GST returns; INR 722.18 Cr department-computed value; INR 562.18 Cr undeclared sale proceeds; re-calculation of amount to be taxed; verification of credibility and authenticity of inter-bank transactions; petitioner cooperation with investigation; adjourned four weeks; stand over 29 April 2024; affidavit of Deputy Commissioner Gurtesh Matharu; counsel Vikram Nankani and Jitendra Mishra.
What did the court decide?
Interim directions only: the same Chartered Accountant to verify the credibility and authenticity of the claimed inter-bank transactions with the petitioner's full cooperation; proceedings adjourned for four weeks and stood over to 29 April 2024; petitioner to cooperate with the department's ongoing investigation. No final relief granted at this stage.