Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
