Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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HC ruled that the petitioner may discharge outstanding tax liabilities pursuant to Circular No. 238/32/2024 GST dated 15th October, 2024. The court directed the tax authority to accept all dues, including taxes, interest, penalties, and charges as per the demand notice. Since the petitioner failed to deposit taxes during the Covid-19 period and did not contest the department's counter affidavit, the court held that the petitioner can voluntarily settle the tax liability by making appropriate deposits, which the department must accept in accordance with applicable legal provisions.
HC ruled that the petitioner may discharge outstanding tax liabilities pursuant to Circular No. 238/32/2024 GST dated 15th October, 2024. The court directed the tax authority to accept all dues, including taxes, interest, penalties, and charges as per the demand notice. Since the petitioner failed to deposit taxes during the Covid-19 period and did not contest the department's counter affidavit, the court held that the petitioner can voluntarily settle the tax liability by making appropriate deposits, which the department must accept in accordance with applicable legal provisions.
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