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...
HC held that GST registration license cancellation was improper due to procedural irregularities. The visit note by the CGST Superintendent lacked corroborative evidence, as no additional witnesses were present during the physical verification. The officer failed to record statements from nearby shop owners and obtain their signatures, rendering the verification process fundamentally flawed. The subsequent administrative orders at different levels were found unsustainable, primarily because the initial verification was conducted without proper protocol. The court emphasized the importance of following Rule 25 of GST Rules 2017, which mandates comprehensive documentation and witness verification during business premise inspections. Consequently, the petitioner's license cancellation was quashed, and the administrative orders were set aside.
HC held that GST registration license cancellation was improper due to procedural irregularities. The visit note by the CGST Superintendent lacked corroborative evidence, as no additional witnesses were present during the physical verification. The officer failed to record statements from nearby shop owners and obtain their signatures, rendering the verification process fundamentally flawed. The subsequent administrative orders at different levels were found unsustainable, primarily because the initial verification was conducted without proper protocol. The court emphasized the importance of following Rule 25 of GST Rules 2017, which mandates comprehensive documentation and witness verification during business premise inspections. Consequently, the petitioner's license cancellation was quashed, and the administrative orders were set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
