2025 (1) TMI 590

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....aksh, Ajitesh Dayal Singh, Ginita Bodani, Rahul Khurana, Mohammed Anajwalla i/b Economic Laws Practice, Advocates. For the Respondent: Mr. Y.R. Mishra a/w Sangeeta Yadav, Advocates. P.C. 1. The above Writ Petition is filed by the Petitioner seeking a declaration that the activity of a holding company providing a corporate guarantee to its subsidiary is not in the nature of "supply" and/or....

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....he said notice is also challenged. 2. The learned advocate appearing on behalf of the Respondents submitted that since the Final Audit Report [of the audit conducted] has been issued, the office of the Assistant Commissioner (Circle-VI), CGST Audit-I Commissionerate Pune is not pursuing the matter arising out of the letter dated 1st February 2024 and which is impugned in the said Writ Petition.....

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....yed the effect and operation of the impugned circular 27th October 2023. 4. Considering that this is an important issue, we grant time to the Respondents to file their affidavit-in-reply to the above Writ Petition in so far as it lays a challenge to the circular dated 27th October 2023 and also to the extent that the Petitioner seeks a declaration that the activity of a holding company providin....