Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Seeking restoration of the GST registration of the petitioner that has been cancelled - Considering the circumstances, the High court decided to grant the petitioner an opportunity to file a detailed response to the show cause notice. The cancellation order dated 21.07.2023 was set aside, and the petitioner was given one week to submit a detailed response. The authority was directed to re-adjudicate the show cause notice within 30 days, and the petitioner was to be given a chance for a personal hearing.
Seeking restoration of the GST registration of the petitioner that has been cancelled - Considering the circumstances, the High court decided to grant the petitioner an opportunity to file a detailed response to the show cause notice. The cancellation order dated 21.07.2023 was set aside, and the petitioner was given one week to submit a detailed response. The authority was directed to re-adjudicate the show cause notice within 30 days, and the petitioner was to be given a chance for a personal hearing.
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