Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Cancellation of GST Registrations - The High Court observed that the petitioner, a wholesaler and distributor, failed to file returns for six months due to ill-health. However, it noted that the cancellation was based on the failure to respond to the show cause notice, issued through an online portal. The court referred to a previous case where it was held that keeping traders out of the GST regime serves no useful purpose. Thus, the court directed the restoration of the petitioner's GST registration upon payment of due amounts and penalties.
Cancellation of GST Registrations - The High Court observed that the petitioner, a wholesaler and distributor, failed to file returns for six months due to ill-health. However, it noted that the cancellation was based on the failure to respond to the show cause notice, issued through an online portal. The court referred to a previous case where it was held that keeping traders out of the GST regime serves no useful purpose. Thus, the court directed the restoration of the petitioner's GST registration upon payment of due amounts and penalties.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4901 
