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 addressed a case involving the retrospective cancellation of GST registration of the petitioner. The court found that the cancellation lacked proper reasons and violated principles of natural justice as the petitioner was not given an opportunity to object. The Show Cause Notice (SCN) and the order did not provide sufficient details for the cancellation, rendering them unsustainable. However, since the petitioner no longer wished to continue the business, the SCN was not quashed. The court emphasized that a taxpayer's registration should not be retrospectively cancelled merely for non-filing of returns, unless intended consequences are warranted. The petition was disposed of accordingly.
The Delhi High Court addressed a case involving the retrospective cancellation of GST registration of the petitioner. The court found that the cancellation lacked proper reasons and violated principles of natural justice as the petitioner was not given an opportunity to object. The Show Cause Notice (SCN) and the order did not provide sufficient details for the cancellation, rendering them unsustainable. However, since the petitioner no longer wished to continue the business, the SCN was not quashed. The court emphasized that a taxpayer's registration should not be retrospectively cancelled merely for non-filing of returns, unless intended consequences are warranted. The petition was disposed of accordingly.
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