Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
GST registration was suspended - show cause issued as to why the registration be not cancelled - The High Court noted that the rejection of the cancellation application was primarily due to the petitioner's failure to respond to the earlier notice and appear for a personal hearing. However, considering subsequent events and submissions made, the Court set aside the rejection order. - The Court decided to cancel the petitioner's GST registration with effect from the date of their initial application for cancellation, i.e., 23.02.2023. This decision was based on the petitioner's voluntary identification of discrepancies in their returns and the subsequent deposit of a specified sum.
GST registration was suspended - show cause issued as to why the registration be not cancelled - The High Court noted that the rejection of the cancellation application was primarily due to the petitioner's failure to respond to the earlier notice and appear for a personal hearing. However, considering subsequent events and submissions made, the Court set aside the rejection order. - The Court decided to cancel the petitioner's GST registration with effect from the date of their initial application for cancellation, i.e., 23.02.2023. This decision was based on the petitioner's voluntary identification of discrepancies in their returns and the subsequent deposit of a specified sum.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
