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 held that the adjudicating authority's cancellation of the petitioner's GST registration violated principles of natural justice because no show-cause notice or detailed reasons were furnished, rendering the impugned order cryptic and unsustainable. The court further determined that under section 107(11) the appellate authority lacks power to remit the matter back to the adjudicating authority for a "second inning"; having concluded the original order could not be sustained, the appellate remand was unjustified. Accordingly, the HC set aside the portion of the impugned appellate order remanding the matter to the Assistant/Deputy Commissioner and quashed the subsequent order; petition allowed in favor of the petitioner.
The HC held that the adjudicating authority's cancellation of the petitioner's GST registration violated principles of natural justice because no show-cause notice or detailed reasons were furnished, rendering the impugned order cryptic and unsustainable. The court further determined that under section 107(11) the appellate authority lacks power to remit the matter back to the adjudicating authority for a "second inning"; having concluded the original order could not be sustained, the appellate remand was unjustified. Accordingly, the HC set aside the portion of the impugned appellate order remanding the matter to the Assistant/Deputy Commissioner and quashed the subsequent order; petition allowed in favor of the petitioner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
