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...
Retrospective cancellation of GST registration of the petitioner - The High Court found deficiencies in the notice and order, emphasizing the need for specific grounds and objective criteria for retrospective cancellations. It modified the order to cancel registration from the date of the show cause notice issuance, considering the petitioner's business closure and compliance. However, it clarified that recovery actions for dues remain permissible, provided proper procedure is followed.
Retrospective cancellation of GST registration of the petitioner - The High Court found deficiencies in the notice and order, emphasizing the need for specific grounds and objective criteria for retrospective cancellations. It modified the order to cancel registration from the date of the show cause notice issuance, considering the petitioner's business closure and compliance. However, it clarified that recovery actions for dues remain permissible, provided proper procedure is followed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
