Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Extended limitation under GST was upheld where the assessee had disclosed higher taxable turnover in GSTR-1 but restricted liability in GSTR-3B for part of the year, then failed to file returns for the later period and made only partial payment after inspection. Applying the lower threshold for invoking Section 74 under GST, the HC held that the record was sufficient to infer suppression of turnover and non-payment of tax, so the extended period and consequent demand were valid. On the separate issue of late fee for non-filing of the annual return, the Court found an inconsistency between Defect No.10 and the revenue abstract and remitted the matter only for a corrigendum correcting that limited aspect.
Extended limitation under GST was upheld where the assessee had disclosed higher taxable turnover in GSTR-1 but restricted liability in GSTR-3B for part of the year, then failed to file returns for the later period and made only partial payment after inspection. Applying the lower threshold for invoking Section 74 under GST, the HC held that the record was sufficient to infer suppression of turnover and non-payment of tax, so the extended period and consequent demand were valid. On the separate issue of late fee for non-filing of the annual return, the Court found an inconsistency between Defect No.10 and the revenue abstract and remitted the matter only for a corrigendum correcting that limited aspect.
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