Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
The HC held that the petition is not maintainable insofar as the petitioner failed to show that the officer exercising Section 129(3) of the CGST Act lacked jurisdiction or that "specifying the penalty payable" requires assessment of goods and valuation prior to its specification; prima facie the petitioner did not cooperate in proceedings under Section 129. The writ petition is disposed of with the petitioner directed to exhaust the remedy of appeal before the appellate authority within one month of receipt of the order. The appellate authority is requested to decide the memorandum of appeal within a reasonable period, namely three months from receipt. No stay was granted.
The HC held that the petition is not maintainable insofar as the petitioner failed to show that the officer exercising Section 129(3) of the CGST Act lacked jurisdiction or that "specifying the penalty payable" requires assessment of goods and valuation prior to its specification; prima facie the petitioner did not cooperate in proceedings under Section 129. The writ petition is disposed of with the petitioner directed to exhaust the remedy of appeal before the appellate authority within one month of receipt of the order. The appellate authority is requested to decide the memorandum of appeal within a reasonable period, namely three months from receipt. No stay was granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
