Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
The petitioner's GST registration was cancelled via Form GST REG-19 due to failure to file returns for six consecutive months. The HC applied the precedent established in Tvl.Suguna Cutpiece Centre v. The Appellate Deputy Commissioner, which balanced revenue interests with taxpayer rights. Following this precedent and its recent application in Tvl.Blue Diamond Engineers, the HC directed the petitioner to comply with conditions stipulated in the Suguna Cutpiece Centre decision. Upon compliance with these specified conditions, the impugned cancellation order would be quashed. The writ petition was allowed at the admission stage, providing conditional relief to the petitioner subject to fulfilling the prescribed requirements.
The petitioner's GST registration was cancelled via Form GST REG-19 due to failure to file returns for six consecutive months. The HC applied the precedent established in Tvl.Suguna Cutpiece Centre v. The Appellate Deputy Commissioner, which balanced revenue interests with taxpayer rights. Following this precedent and its recent application in Tvl.Blue Diamond Engineers, the HC directed the petitioner to comply with conditions stipulated in the Suguna Cutpiece Centre decision. Upon compliance with these specified conditions, the impugned cancellation order would be quashed. The writ petition was allowed at the admission stage, providing conditional relief to the petitioner subject to fulfilling the prescribed requirements.
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