Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Section 179 proceedings against directors require both a reasonable opportunity to reply and foundational allegations in the notice itself. The text explains that where the notice allowed only about two days to respond, the proceedings failed for breach of natural justice and the resulting order and demand were quashed. It also states that if the company is asserted to be a public limited company, the notice must set out facts showing why it should nevertheless be treated as closely held or why the corporate veil should be lifted, including any allegation of an oblique motive to defraud the revenue. Fresh notice and reconsideration were permitted.
Section 179 proceedings against directors require both a reasonable opportunity to reply and foundational allegations in the notice itself. The text explains that where the notice allowed only about two days to respond, the proceedings failed for breach of natural justice and the resulting order and demand were quashed. It also states that if the company is asserted to be a public limited company, the notice must set out facts showing why it should nevertheless be treated as closely held or why the corporate veil should be lifted, including any allegation of an oblique motive to defraud the revenue. Fresh notice and reconsideration were permitted.
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