Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
Validity of assessment order - imposition of tax, interest and penalty - difference in turnover as between Form GSTR-2B and GSTR-3B - The court found the petitioner's explanations unconvincing but acknowledged the lack of opportunity for a small business to respond. Consequently, the order was quashed, and the matter remanded for re-consideration, limiting the petitioner's response to proceedings before the assessing officer. The court directed the re-assessment to be completed within two months. - HC
Validity of assessment order - imposition of tax, interest and penalty - difference in turnover as between Form GSTR-2B and GSTR-3B - The court found the petitioner's explanations unconvincing but acknowledged the lack of opportunity for a small business to respond. Consequently, the order was quashed, and the matter remanded for re-consideration, limiting the petitioner's response to proceedings before the assessing officer. The court directed the re-assessment to be completed within two months. - HC
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