Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
HC dismissed the writ petition challenging penalty for fraudulent Input Tax Credit (ITC) availment under CGST Act, Section 122(1)(vii). The court held that writ jurisdiction should not be ordinarily exercised in cases involving ITC fraud, citing precedent. The petitioner was directed to pursue appellate remedies under Section 107 of CGST Act and permitted to file appeal by 15th July, 2025 with pre-deposit. The court emphasized that the appeal would be adjudicated on merits and not dismissed on limitation grounds, thereby preserving the petitioner's substantive rights while maintaining procedural integrity.
HC dismissed the writ petition challenging penalty for fraudulent Input Tax Credit (ITC) availment under CGST Act, Section 122(1)(vii). The court held that writ jurisdiction should not be ordinarily exercised in cases involving ITC fraud, citing precedent. The petitioner was directed to pursue appellate remedies under Section 107 of CGST Act and permitted to file appeal by 15th July, 2025 with pre-deposit. The court emphasized that the appeal would be adjudicated on merits and not dismissed on limitation grounds, thereby preserving the petitioner's substantive rights while maintaining procedural integrity.
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