Panacea Biotec Limited Vs Union of India & Ors
Date: January 20, 2025
Court: High Court
Bench: Bombay
Type: Writ Petition
Judge(s)/Member(s): B. P. COLABAWALLA & FIRDOSH P. POONIWALLA
Subject Matter
GST on Leasehold Rights quashed. Case remanded.
Summary
In this case, a Writ Petition was filed seeking to quash a show cause notice dated July 16, 2024, and an order dated August 19, 2024, issued by GST authorities concerning the taxation of a Deed of Assignment related to land and a building. The crux o…
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT Though several reliefs are claimed in the above Writ Petition, what is seriously pressed before us is prayer clause ii(a) and ii(b) which seeks to quash the show cause notice dated 16 th July 2024 issued by Respondent No.3 in FORM GST DRC-01 and the impugned order dated 19 th August 2024 passed by Respondent No.3 in FORM GST DRC-07. 2. The issue…