Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
HC ordered that the provisional attachment of the Petitioner's bank accounts be lifted upon the Petitioner furnishing immovable property as security valued at or above Rs.2.07 crores, the quantum being sufficient to protect the revenue's interest given the demand. Upon such offer of security, the Respondents must release the attachment by issuing Form GST DRC-23 or any other appropriate instrument within the prescribed timeline and act consistently with the communication dated 30 September 2025. The Petitioner's submissions regarding the adequacy of the immovable property security were accepted. The petition is disposed of accordingly.
HC ordered that the provisional attachment of the Petitioner's bank accounts be lifted upon the Petitioner furnishing immovable property as security valued at or above Rs.2.07 crores, the quantum being sufficient to protect the revenue's interest given the demand. Upon such offer of security, the Respondents must release the attachment by issuing Form GST DRC-23 or any other appropriate instrument within the prescribed timeline and act consistently with the communication dated 30 September 2025. The Petitioner's submissions regarding the adequacy of the immovable property security were accepted. The petition is disposed of accordingly.
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