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...
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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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