2024 (1) TMI 436

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....cates who appeared in this case: For the Petitioner: Mr. Anurag Soan and Mr. Shrey Bhardwaj, Advocate For the Respondents: Mr. Rajesh Kumar, SPC with Ms. Mishika Pandita, Advocate for respondent No. 1. Mr. Rajeev Aggarwal, ASC with Ms. Samridhi Vats, Advocates for respondent No. 6. JUDGMENT SANJEEV SACHDEVA, J. (ORAL) 1. Petitioner impugns order dated 04.03.2021, whereby the applica....

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....nd purchases and accordingly particulars about stock were sought for from the petitioner. Since no reply was received from the petitioner, the application seeking cancellation of registration was rejected by the order dated 04.03.2021, (impugned herein). 6. Thereafter, a show cause notice was issued to the petitioner on 02.09.2021 for having failed to file return for a continuous period of six ....

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....apital goods of plant and machinery on the day immediately preceding the date of such cancellation or the output tax payable on such goods, whichever is higher. 9. For the authority to determine the said amount under Section 29 (5) of the Act, details are required by the authority. Since the petitioner has failed to furnish the value of the raw material stock, capital goods and the stock positi....

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....oes not mean that the taxpayer's registration is required to be cancelled with retrospective date also covering the period when the returns were filed and the taxpayer was compliant. 12. It is important to note that, according to the respondent, one of the consequences for cancelling a tax payer's registration with retrospective effect is that the taxpayer's customers are denied the input tax c....