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...
Cancellation of GST registration does not extinguish tax liability for periods preceding cancellation. High Court found that the taxpayer received the show-cause notice and statutory forms through the common portal and had repeated opportunities to respond and attend a personal hearing, but did not do so. No defect justified writ interference with the assessment order imposing tax and penalty. The writ petition was disposed of without interference, while preserving liberty to file a statutory appeal within the prescribed period on payment of the statutory pre-deposit.
Cancellation of GST registration does not extinguish tax liability for periods preceding cancellation. High Court found that the taxpayer received the show-cause notice and statutory forms through the common portal and had repeated opportunities to respond and attend a personal hearing, but did not do so. No defect justified writ interference with the assessment order imposing tax and penalty. The writ petition was disposed of without interference, while preserving liberty to file a statutory appeal within the prescribed period on payment of the statutory pre-deposit.
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