Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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Cancellation Of GST registration retrospectively - The High court observed that the Show Cause Notice and the impugned order lacked necessary details and reasoning for retrospective cancellation, rendering them unsustainable. - Section 29(2) of the Central Goods and Services Tax Act, 2017 was referenced, emphasizing that cancellation with retrospective effect should be based on objective criteria and not merely due to non-filing of returns. - Consequently, the impugned order dated 29.02.2024 was set aside, and the petitioner's GST registration was restored, with a directive to comply with necessary regulations.
Cancellation Of GST registration retrospectively - The High court observed that the Show Cause Notice and the impugned order lacked necessary details and reasoning for retrospective cancellation, rendering them unsustainable. - Section 29(2) of the Central Goods and Services Tax Act, 2017 was referenced, emphasizing that cancellation with retrospective effect should be based on objective criteria and not merely due to non-filing of returns. - Consequently, the impugned order dated 29.02.2024 was set aside, and the petitioner's GST registration was restored, with a directive to comply with necessary regulations.
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