High Court Upholds Rule 6-B(2)(iii) Validity, Finds L1 Certificate Cancellation Disproportionate; Case Remanded for Reassessment.

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....The HC held that Rule 6-B(2)(iii) of the A.P.G.S.T Act prescribing conditions for cancellation of composition tax permission u/s 5-G is intra vires. However, the cancellation of the L1 certificate for late filing of returns appeared disproportionate. The matter was remanded to the Assessing Authority to reconsider the cancellation issue. The parties were anonymized.....