Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Page of 4803
Press 'Enter' after typing page number.
501 to 520 of 96046 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that an order dismissing a rectification application under Section 161 of the TNGST Act, 2017, is an adverse decision but does not constitute rectification requiring adherence to natural justice principles. The third proviso to Section 161 applies only when a positive rectification is made that affects a person. If the rectification petition is dismissed without alteration of the original order, no rectification occurs, and thus, the principles of natural justice, including the right to a personal hearing, are not triggered. The Court affirmed that refusal to rectify is not equivalent to rectification under the statute. Consequently, there is no statutory obligation to grant a hearing before dismissing a rectification petition. The Single Judge's order dismissing the appeal was upheld.
The HC held that an order dismissing a rectification application under Section 161 of the TNGST Act, 2017, is an adverse decision but does not constitute rectification requiring adherence to natural justice principles. The third proviso to Section 161 applies only when a positive rectification is made that affects a person. If the rectification petition is dismissed without alteration of the original order, no rectification occurs, and thus, the principles of natural justice, including the right to a personal hearing, are not triggered. The Court affirmed that refusal to rectify is not equivalent to rectification under the statute. Consequently, there is no statutory obligation to grant a hearing before dismissing a rectification petition. The Single Judge's order dismissing the appeal was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
