Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Failure to file a detailed reply and supporting documents before a GST assessment under Section 74 led the High Court to treat the impugned order as having been confirmed without full material and to grant a further opportunity on equitable grounds. The Court noted that additional relevant documents were available and that the disputed tax had already been recovered, so it set aside the assessment and remanded the matter for fresh adjudication, permitting a detailed reply and personal hearing before the assessing authority.
Failure to file a detailed reply and supporting documents before a GST assessment under Section 74 led the High Court to treat the impugned order as having been confirmed without full material and to grant a further opportunity on equitable grounds. The Court noted that additional relevant documents were available and that the disputed tax had already been recovered, so it set aside the assessment and remanded the matter for fresh adjudication, permitting a detailed reply and personal hearing before the assessing authority.
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