Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The HC held that issuance of a composite show cause notice (SCN) covering multiple financial years under the GST Act is impermissible. Each financial year constitutes a separate tax period with distinct limitation periods under Sections 73 and 74. The limitation of three or five years applies individually to each financial year and cannot be aggregated or carried forward to justify a bundled SCN. Issuing a single SCN for multiple years violates the statutory scheme, frustrates the limitation framework, and infringes the taxpayer's right to contest year-specific demands, resulting in jurisdictional overreach and rendering such orders void ab initio. The GST Act mandates SCNs to be issued based on the relevant tax period-monthly or annual returns-and prohibits issuance beyond the prescribed period. Accordingly, the petition challenging the bunching of SCNs was allowed, reaffirming that separate adjudication per financial year is legally required.
The HC held that issuance of a composite show cause notice (SCN) covering multiple financial years under the GST Act is impermissible. Each financial year constitutes a separate tax period with distinct limitation periods under Sections 73 and 74. The limitation of three or five years applies individually to each financial year and cannot be aggregated or carried forward to justify a bundled SCN. Issuing a single SCN for multiple years violates the statutory scheme, frustrates the limitation framework, and infringes the taxpayer's right to contest year-specific demands, resulting in jurisdictional overreach and rendering such orders void ab initio. The GST Act mandates SCNs to be issued based on the relevant tax period-monthly or annual returns-and prohibits issuance beyond the prescribed period. Accordingly, the petition challenging the bunching of SCNs was allowed, reaffirming that separate adjudication per financial year is legally required.
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