Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Cancellation of GST registration of the petitioner - service of SCN - The High court found discrepancies in the record regarding the petitioner's participation and noted the petitioner's claim of not receiving the report referenced in the show cause notice. While the respondent argued procedural compliance and jurisdictional legitimacy, the court underscored the need for procedural fairness. Ultimately, the court quashed the impugned order of cancellation, remanding the matter to the 1st respondent for reconsideration.
Cancellation of GST registration of the petitioner - service of SCN - The High court found discrepancies in the record regarding the petitioner's participation and noted the petitioner's claim of not receiving the report referenced in the show cause notice. While the respondent argued procedural compliance and jurisdictional legitimacy, the court underscored the need for procedural fairness. Ultimately, the court quashed the impugned order of cancellation, remanding the matter to the 1st respondent for reconsideration.
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