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Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The HC dismissed the writ petition, holding the impugned adjudicatory order dated 27 January 2025 has become final due to the lapse of the statutory appeal period under Section 107 CGST; no sufficient explanation justified the delay in prosecuting the appeal. The court found no gross breach of natural justice: the Adjudicating Authority considered the petitioner's filed reply and documents, and acknowledgements evidenced filing though not incontrovertible proof of attendance. On the merits, the HC concluded the petitioner colluded with a third-party supplier to fraudulently avail ineligible ITC, failed to rebut the show-cause allegations or identify the supplier, and did not cooperate in proceedings. No exceptional circumstances warranted condonation of delay or exercise of writ jurisdiction.
The HC dismissed the writ petition, holding the impugned adjudicatory order dated 27 January 2025 has become final due to the lapse of the statutory appeal period under Section 107 CGST; no sufficient explanation justified the delay in prosecuting the appeal. The court found no gross breach of natural justice: the Adjudicating Authority considered the petitioner's filed reply and documents, and acknowledgements evidenced filing though not incontrovertible proof of attendance. On the merits, the HC concluded the petitioner colluded with a third-party supplier to fraudulently avail ineligible ITC, failed to rebut the show-cause allegations or identify the supplier, and did not cooperate in proceedings. No exceptional circumstances warranted condonation of delay or exercise of writ jurisdiction.
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