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...
The HC dismissed the petition for non-cooperation by the petitioner in the rectification proceedings, noting the availability of an alternative remedy through appeal against the assessment order. The petitioner was directed to deposit Rs. 15,00,000 (approximately 5% of the disputed tax) within fifteen days, a reduced amount from the usual 10% deposit under the relevant GST provisions. Failure to comply would result in the respondent treating the writ petition as dismissed and proceeding accordingly. Upon deposit and cooperation by furnishing necessary records under Section 161 of the TNGST Act, the respondent was ordered to pass a final order on merits within three months. The petition was disposed of accordingly.
The HC dismissed the petition for non-cooperation by the petitioner in the rectification proceedings, noting the availability of an alternative remedy through appeal against the assessment order. The petitioner was directed to deposit Rs. 15,00,000 (approximately 5% of the disputed tax) within fifteen days, a reduced amount from the usual 10% deposit under the relevant GST provisions. Failure to comply would result in the respondent treating the writ petition as dismissed and proceeding accordingly. Upon deposit and cooperation by furnishing necessary records under Section 161 of the TNGST Act, the respondent was ordered to pass a final order on merits within three months. The petition was disposed of accordingly.
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