Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
The High Court ruled on the cancellation of GST registration due to non-functional business premises. The court found violations of Rule 25 of CGST Rules as physical verification was not done in the presence of concerned persons. The State Tax Officer had admitted the existence of the petitioner's unit prior to issuing a show cause notice for cancellation. The petitioner had informed about changing the principal place of business, which was acknowledged. The court directed restoration of GST registration retroactively from 20.09.2022, allowing filing of annual returns with late fees. Petition disposed off.
The High Court ruled on the cancellation of GST registration due to non-functional business premises. The court found violations of Rule 25 of CGST Rules as physical verification was not done in the presence of concerned persons. The State Tax Officer had admitted the existence of the petitioner's unit prior to issuing a show cause notice for cancellation. The petitioner had informed about changing the principal place of business, which was acknowledged. The court directed restoration of GST registration retroactively from 20.09.2022, allowing filing of annual returns with late fees. Petition disposed off.
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