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...
HC permitted the petitioner, whose registration certificate and SCN had been cancelled for non-filing of returns for six continuous months, to file all pending returns within eight weeks, noting deposit of substantial outstanding tax with interest and fees. The petitioner must execute an undertaking to comply with the GST Act and Rules and to file returns punctually; failure will result in automatic cancellation of registration. The respondents are directed to suspend the cancellation, consider the returns filed, and, if found in accordance with law, require payment of any remaining dues; upon payment as directed, the cancellation order shall be revoked. Petition is disposed of.
HC permitted the petitioner, whose registration certificate and SCN had been cancelled for non-filing of returns for six continuous months, to file all pending returns within eight weeks, noting deposit of substantial outstanding tax with interest and fees. The petitioner must execute an undertaking to comply with the GST Act and Rules and to file returns punctually; failure will result in automatic cancellation of registration. The respondents are directed to suspend the cancellation, consider the returns filed, and, if found in accordance with law, require payment of any remaining dues; upon payment as directed, the cancellation order shall be revoked. Petition is disposed of.
Note: It is a system-generated summary and is for quick reference only.