Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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 4921 
