Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
HC found the show cause notice procedurally defective due to lack of critical administrative details, rendering the GST registration cancellation order invalid. The notice failed to specify the issuing authority's name, designation, and hearing particulars. The cancellation order was deemed cryptic and demonstrated non-application of mind. Consequently, the HC set aside the show cause notice, cancellation orders, and recovery notice. The court permitted respondents to initiate fresh proceedings with a properly drafted show cause notice, ensuring due process and providing the petitioner full opportunity for personal hearing and representation.
HC found the show cause notice procedurally defective due to lack of critical administrative details, rendering the GST registration cancellation order invalid. The notice failed to specify the issuing authority's name, designation, and hearing particulars. The cancellation order was deemed cryptic and demonstrated non-application of mind. Consequently, the HC set aside the show cause notice, cancellation orders, and recovery notice. The court permitted respondents to initiate fresh proceedings with a properly drafted show cause notice, ensuring due process and providing the petitioner full opportunity for personal hearing and representation.
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