Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
The HC allowed the writ in part, holding that retrospective cancellation of the GST registration was unsustainable where the SCN did not propose retrospective cancellation; accordingly the cancellation shall take effect from the date of issuance of the SCN (2 February 2022). The Court observed that, despite delay, it would entertain the petition due to intervening circumstances including the death of a partner and dissolution of the firm. The HC concluded that principles of natural justice were not breached in a manner warranting retrospective relief and disposed of the petition, directing that the impugned order operate prospectively from the SCN date.
The HC allowed the writ in part, holding that retrospective cancellation of the GST registration was unsustainable where the SCN did not propose retrospective cancellation; accordingly the cancellation shall take effect from the date of issuance of the SCN (2 February 2022). The Court observed that, despite delay, it would entertain the petition due to intervening circumstances including the death of a partner and dissolution of the firm. The HC concluded that principles of natural justice were not breached in a manner warranting retrospective relief and disposed of the petition, directing that the impugned order operate prospectively from the SCN date.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
