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...
Levy of GST - Royalty- seigniorage fee paid by the petitioner to the Government - Referring to a relevant Division Bench Judgment, the High Court issued directions for the petitioner to submit objections or representations within four weeks. The Court ordered adjudication by the concerned authority, with a stay on orders until a Nine Judge Constitution Bench decides on royalty matters. It also stayed GST recovery until the decision of the Constitution Bench.
Levy of GST - Royalty- seigniorage fee paid by the petitioner to the Government - Referring to a relevant Division Bench Judgment, the High Court issued directions for the petitioner to submit objections or representations within four weeks. The Court ordered adjudication by the concerned authority, with a stay on orders until a Nine Judge Constitution Bench decides on royalty matters. It also stayed GST recovery until the decision of the Constitution Bench.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
