SPNN BUSINESS SERVICES PVT. LTD. v. COMMISSIONER OF CENTRAL TAX (GST), DELHI SOUTH & ANR.
High Court, Delhi
Rajiv Shakdher, Justice & Talwant Singh, Justice
SPNN BUSINESS SERVICES PVT. LTD.
v.
COMMISSIONER OF CENTRAL TAX (GST), DELHI SOUTH & ANR.
W.P. (C) 2435/2021 dated 03.03.2021
Law : GST
Decision : Interim
Assessment of Property Valuation for GST Liability Settlement – The Petitioner that has offered properties as security to settle its GST liability, – which includes a significant principal amount and interest. – The court examined the value of these properties based on various assessments, including market value – and purchase consideration, noting discrepancies between these figures and the claimed liability. – The court’s primary concern was whether the properties were free from encumbrances and if the company possessed original title deeds. – The petitioner was instructed to file an affidavit addressing these concerns, – including how it would bridge the gap between the property value and the GST liability. – The next hearing was scheduled for further clarification on the matter.
Represented by:
Counsel for the Petitioner: Tarun Gulati, Sr. Adv. with Vibhooti Malhotra, Advs. & Bhuvnesh Satija, Advs.
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