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...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Seeking renewal of registration of Goods Service Tax (GST) - cancelled due to non-filing of returns - The appellant faced the risk of irreparable loss and exclusion from tender enlistment if registration renewal was not decided by March 31, 2024. The appellant's registration had been cancelled due to non-filing of returns, prompting the dispute. The appellant sought restoration of registration upon payment of outstanding dues. The court considered the urgency and the interests of both the revenue and the appellant. Ultimately, the court directed the GST Authority to restore the appellant's registration for 30 days, allowing them to settle outstanding dues by filing returns.
Seeking renewal of registration of Goods Service Tax (GST) - cancelled due to non-filing of returns - The appellant faced the risk of irreparable loss and exclusion from tender enlistment if registration renewal was not decided by March 31, 2024. The appellant's registration had been cancelled due to non-filing of returns, prompting the dispute. The appellant sought restoration of registration upon payment of outstanding dues. The court considered the urgency and the interests of both the revenue and the appellant. Ultimately, the court directed the GST Authority to restore the appellant's registration for 30 days, allowing them to settle outstanding dues by filing returns.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
