Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The HC set aside the permanent cancellation of the petitioner's GST registration arising solely from belated filing of returns and non-payment, finding that such extreme sanction is not warranted where the petitioner can continue business and discharge statutory liabilities; the court noted the petitioner had, prima facie, remediated the default by paying assessed tax, interest and late fees. The respondents are directed to furnish written intimation within 15 days of upload of the order specifying any further penalty or dues payable by the petitioner; the petitioner shall remit any such demanded amounts within 15 days of receipt of that intimation. The petition is disposed.
The HC set aside the permanent cancellation of the petitioner's GST registration arising solely from belated filing of returns and non-payment, finding that such extreme sanction is not warranted where the petitioner can continue business and discharge statutory liabilities; the court noted the petitioner had, prima facie, remediated the default by paying assessed tax, interest and late fees. The respondents are directed to furnish written intimation within 15 days of upload of the order specifying any further penalty or dues payable by the petitioner; the petitioner shall remit any such demanded amounts within 15 days of receipt of that intimation. The petition is disposed.
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