Functional comparability under TNMM: broadcasters excluded, software distributors included, and no separate interest on receivables after working capi...
The SC dismissed the Special Leave Petition, affirming the High Court's directive that the petitioners must pursue their statutory appeal within 30 days, accompanied by the requisite pre-deposit. The Court emphasized the availability of an alternative remedy and underscored the principles of natural justice, noting the absence of an opportunity for cross-examination regarding allegations of evasion of GST through bogus invoices from non-existent or non-operational firms. The High Court's decision to entertain the appeal on merits, notwithstanding limitation grounds, was upheld. Consequently, the petitioners' challenge was deemed premature and non-maintainable before the SC, mandating adherence to the appellate process prescribed by law.
The SC dismissed the Special Leave Petition, affirming the High Court's directive that the petitioners must pursue their statutory appeal within 30 days, accompanied by the requisite pre-deposit. The Court emphasized the availability of an alternative remedy and underscored the principles of natural justice, noting the absence of an opportunity for cross-examination regarding allegations of evasion of GST through bogus invoices from non-existent or non-operational firms. The High Court's decision to entertain the appeal on merits, notwithstanding limitation grounds, was upheld. Consequently, the petitioners' challenge was deemed premature and non-maintainable before the SC, mandating adherence to the appellate process prescribed by law.
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