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 HC modified the GST registration cancellation order, ruling that it would take effect from the date of the Show Cause Notice (12 February 2024) rather than retrospectively from 7 February 2019. The Court found the retrospective cancellation invalid due to absence of supporting reasons in the original SCN and failure to provide prior notice to the petitioner, which violated principles of natural justice. The Court determined these procedural defects alone were sufficient grounds to grant relief, consequently quashing the retrospective aspect of the impugned order while allowing the cancellation to stand from the SCN date.
The HC modified the GST registration cancellation order, ruling that it would take effect from the date of the Show Cause Notice (12 February 2024) rather than retrospectively from 7 February 2019. The Court found the retrospective cancellation invalid due to absence of supporting reasons in the original SCN and failure to provide prior notice to the petitioner, which violated principles of natural justice. The Court determined these procedural defects alone were sufficient grounds to grant relief, consequently quashing the retrospective aspect of the impugned order while allowing the cancellation to stand from the SCN date.
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TaxTMI 
TaxTMI 
of 4915 
