Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Cancellation of GST registration requires reasons demonstrating application of mind and an effective opportunity to respond to the show-cause notice. The High Court stated that an unreasoned cancellation order fails the test under Article 14. As the taxpayer had not effectively responded, it was permitted to submit a reply, which must be considered after a hearing. The cancellation order and appellate order were quashed, and the matter was remitted for fresh adjudication.
Cancellation of GST registration requires reasons demonstrating application of mind and an effective opportunity to respond to the show-cause notice. The High Court stated that an unreasoned cancellation order fails the test under Article 14. As the taxpayer had not effectively responded, it was permitted to submit a reply, which must be considered after a hearing. The cancellation order and appellate order were quashed, and the matter was remitted for fresh adjudication.
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