Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
HC set aside GST order due to procedural defects in show cause notice (SCN) issuance. Court held that merely attaching tax determination details to SCN summary in Form GST DRC-01 does not constitute valid proceedings under Section 73. A proper SCN must specifically detail reasons for action and allow adequate opportunity for representation. Additionally, violation of Section 75(4) occurred as petitioner was denied requested hearing opportunity. Court found authentication requirements under Rule 26(3) were not met. While quashing impugned order dated 28.04.2024, HC granted liberty to authorities to initiate fresh proceedings under Section 73 for relevant financial year if warranted.
HC set aside GST order due to procedural defects in show cause notice (SCN) issuance. Court held that merely attaching tax determination details to SCN summary in Form GST DRC-01 does not constitute valid proceedings under Section 73. A proper SCN must specifically detail reasons for action and allow adequate opportunity for representation. Additionally, violation of Section 75(4) occurred as petitioner was denied requested hearing opportunity. Court found authentication requirements under Rule 26(3) were not met. While quashing impugned order dated 28.04.2024, HC granted liberty to authorities to initiate fresh proceedings under Section 73 for relevant financial year if warranted.
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