Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Blocking of an electronic credit ledger carries civil consequences and, even where the authority has jurisdiction to act on suspected fraudulent availment of input tax credit, it must comply with natural justice. The HC noted that prior notice and an opportunity of hearing are required before such blocking. As the impugned order was issued without giving the affected person that opportunity, it was set aside. The authority was left free to commence fresh proceedings in accordance with law after due notice and hearing.
Blocking of an electronic credit ledger carries civil consequences and, even where the authority has jurisdiction to act on suspected fraudulent availment of input tax credit, it must comply with natural justice. The HC noted that prior notice and an opportunity of hearing are required before such blocking. As the impugned order was issued without giving the affected person that opportunity, it was set aside. The authority was left free to commence fresh proceedings in accordance with law after due notice and hearing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
