Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The Delhi High Court found a violation of natural justice principles in a case involving an ex-parte demand due to the petitioner's failure to respond to a Show Cause Notice (SCN) u/s 73 of the Central Goods and Services Tax Act, 2017. The petitioner couldn't reply as their business was closed. The court set aside the impugned order, restored the SCN, and directed the petitioner to file a reply within two weeks. The Proper Officer was instructed to re-adjudicate the matter, provide a personal hearing, and issue a fresh order within the prescribed period u/s 75(3) of the Act. Petition disposed off.
The Delhi High Court found a violation of natural justice principles in a case involving an ex-parte demand due to the petitioner's failure to respond to a Show Cause Notice (SCN) u/s 73 of the Central Goods and Services Tax Act, 2017. The petitioner couldn't reply as their business was closed. The court set aside the impugned order, restored the SCN, and directed the petitioner to file a reply within two weeks. The Proper Officer was instructed to re-adjudicate the matter, provide a personal hearing, and issue a fresh order within the prescribed period u/s 75(3) of the Act. Petition disposed off.
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