Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
The respondent failed to process the petitioner's application for cancellation of GST registration, citing reasons such as the requirement to pay due tax and penalties, and submit details like stock register and bank statements. The court held that these grounds were untenable, as the cancellation of GST registration would not impinge upon the petitioner's liability to pay outstanding taxes and penalties. The scrutiny of the petitioner's tax liability for a prior period cannot be a ground for refusing cancellation of GST registration. The respondent was directed to process the petitioner's application for cancellation of GST registration, and the petition was disposed of.
The respondent failed to process the petitioner's application for cancellation of GST registration, citing reasons such as the requirement to pay due tax and penalties, and submit details like stock register and bank statements. The court held that these grounds were untenable, as the cancellation of GST registration would not impinge upon the petitioner's liability to pay outstanding taxes and penalties. The scrutiny of the petitioner's tax liability for a prior period cannot be a ground for refusing cancellation of GST registration. The respondent was directed to process the petitioner's application for cancellation of GST registration, and the petition was disposed of.
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