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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 petition challenging the GST MOV-11 order confirming penalty and fine and cancellation of GST registration, holding it will not entertain the writ in view of an alternative efficacious statutory remedy under s.107 of the GST Act. The court declined to adjudicate merits regarding alleged bogus transactions, fake tax invoices, E-way bills and purported non-existence at the registered address, and relegated the petitioner to pursue the appellate remedy. The HC made no adjudication on merits, but held that the period already elapsed shall be treated as bona fide for condonation of delay if the petitioner institutes an appeal before the appellate authority within two weeks.
The HC dismissed the petition challenging the GST MOV-11 order confirming penalty and fine and cancellation of GST registration, holding it will not entertain the writ in view of an alternative efficacious statutory remedy under s.107 of the GST Act. The court declined to adjudicate merits regarding alleged bogus transactions, fake tax invoices, E-way bills and purported non-existence at the registered address, and relegated the petitioner to pursue the appellate remedy. The HC made no adjudication on merits, but held that the period already elapsed shall be treated as bona fide for condonation of delay if the petitioner institutes an appeal before the appellate authority within two weeks.
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