Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
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.
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