Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
HC allows petition challenging simultaneous GST proceedings, quashing the SCN issued by state authorities under Section 70 and Section 74. The court directed the petitioner to file reply before the central GST authority, considering recent circulars and precedential judgments. The key relief includes: (i) quashing of impugned SCN, (ii) liberty to file comprehensive reply, and (iii) mandate for respondent to reconsider claims in accordance with recent GST circulars and judicial interpretations, particularly regarding input tax credit and valuation for tax payment.
HC allows petition challenging simultaneous GST proceedings, quashing the SCN issued by state authorities under Section 70 and Section 74. The court directed the petitioner to file reply before the central GST authority, considering recent circulars and precedential judgments. The key relief includes: (i) quashing of impugned SCN, (ii) liberty to file comprehensive reply, and (iii) mandate for respondent to reconsider claims in accordance with recent GST circulars and judicial interpretations, particularly regarding input tax credit and valuation for tax payment.
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