https://www.taxtmi.com/caselaws?id=764528 The challenge to the circular on taxability of corporate guarantees given by a holding company to its subsidiary was treated as warranting interim protection because the issue was recurring before several High Courts and similar relief had already been granted in other matters. The respondents stated that they were not pursuing the information notice further in view of the final audit report, and the Court granted time for affidavit-in-reply on the contention that the activity is not a taxable supply or supply of service. The effect and operation of the circular dated 27 October 2023, insofar as Item No. 2 is concerned, was stayed until further orders, and the petition remained pending for reply. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 07 May 2026 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764528 The challenge to the circular on taxability of corporate guarantees given by a holding company to its subsidiary was treated as warranting interim protection because the issue was recurring before several High Courts and similar relief had already been granted in other matters. The respondents stated that they were not pursuing the information notice further in view of the final audit report, and the Court granted time for affidavit-in-reply on the contention that the activity is not a taxable supply or supply of service. The effect and operation of the circular dated 27 October 2023, insofar as Item No. 2 is concerned, was stayed until further orders, and the petition remained pending for reply. Case-Laws GST Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764528