Tax authority's substitution of projected figures with actuals overturned; original acquisition valuation upheld; transfer pricing issues remitted for...
Beneficial owner held liable for differential customs duty; royalties added under Rule 10(1)(c); confiscation, penalties under s.111(m), s.114A, s.112...
HC upheld cancellation of petitioner's GST registration and refusal to condone delay in filing the appeal. It held that there was no violation of principles of natural justice, as the petitioner had been afforded ample opportunity and had made false and contradictory statements on oath regarding his connection with the registered entity. The affidavit in support of delay condonation was found unreliable and devoid of credible explanation, justifying rejection. Observing prima facie that the premises were likely used for issuing fake invoices to claim input tax credit, HC dismissed the petition and imposed costs of Rs. 5,000, payable to a government hospital within four weeks.
HC upheld cancellation of petitioner's GST registration and refusal to condone delay in filing the appeal. It held that there was no violation of principles of natural justice, as the petitioner had been afforded ample opportunity and had made false and contradictory statements on oath regarding his connection with the registered entity. The affidavit in support of delay condonation was found unreliable and devoid of credible explanation, justifying rejection. Observing prima facie that the premises were likely used for issuing fake invoices to claim input tax credit, HC dismissed the petition and imposed costs of Rs. 5,000, payable to a government hospital within four weeks.
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