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...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
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.
Note: It is a system-generated summary and is for quick reference only.