Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Where the GST enactments prescribe a specific late fee for delayed filing of annual returns, recourse to the general penalty provision is impermissible. The general penalty imposed for the relevant period was therefore set aside, while the liability to pay late fee under the GST enactments was preserved. The writ petition was partly allowed, and the bank attachment was to be lifted subject to payment of the late fee demanded.
Where the GST enactments prescribe a specific late fee for delayed filing of annual returns, recourse to the general penalty provision is impermissible. The general penalty imposed for the relevant period was therefore set aside, while the liability to pay late fee under the GST enactments was preserved. The writ petition was partly allowed, and the bank attachment was to be lifted subject to payment of the late fee demanded.
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