Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Transportation and insurance charges recovered for moving goods were not taxable as business support service where the appellant was not acting as a goods transport agency issuing consignment notes; transportation by road by a person other than a GTA remained outside the levy, and the insurance element was treated as bundled with transport. Reverse charge on accounting services supplied to the Ethiopian branch also failed because the services were received and used in Ethiopia, with the branch and Indian office treated as separate permanent establishments. The extended period of limitation was unavailable because the demand rested on disclosed balance-sheet figures, so the related penalty, interest, and remaining penalties also fell.
Transportation and insurance charges recovered for moving goods were not taxable as business support service where the appellant was not acting as a goods transport agency issuing consignment notes; transportation by road by a person other than a GTA remained outside the levy, and the insurance element was treated as bundled with transport. Reverse charge on accounting services supplied to the Ethiopian branch also failed because the services were received and used in Ethiopia, with the branch and Indian office treated as separate permanent establishments. The extended period of limitation was unavailable because the demand rested on disclosed balance-sheet figures, so the related penalty, interest, and remaining penalties also fell.
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