Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The HC disposed of the writ petition concerning the non-constitution of the GST Tribunal and the petitioner's request for a stay on recovery proceedings pending appeal. The petitioner had already deposited 10% of the tax demand and agreed to deposit an additional 10% of the remaining amount. In light of the Government of India's circular and the petitioner's undertaking, the court held that the requirements under Section 112(8) of the CGST Act were met. Consequently, recovery of the remaining confirmed demand is stayed pursuant to Section 112(9) of the CGST Act upon the petitioner's compliance with the prescribed pre-deposit conditions. No further directions were deemed necessary, and the writ petition was disposed of accordingly.
The HC disposed of the writ petition concerning the non-constitution of the GST Tribunal and the petitioner's request for a stay on recovery proceedings pending appeal. The petitioner had already deposited 10% of the tax demand and agreed to deposit an additional 10% of the remaining amount. In light of the Government of India's circular and the petitioner's undertaking, the court held that the requirements under Section 112(8) of the CGST Act were met. Consequently, recovery of the remaining confirmed demand is stayed pursuant to Section 112(9) of the CGST Act upon the petitioner's compliance with the prescribed pre-deposit conditions. No further directions were deemed necessary, and the writ petition was disposed of accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
