Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Input tax credit could not be denied to a bona fide purchasing dealer who bought from a registered supplier and complied with statutory requirements merely because the supplier failed to deposit the collected tax. The Department's remedy lies against the defaulting supplier, not against the purchaser, unless there is material showing that the transactions were not bona fide or were entered into in collusion. On that basis, the impugned demand and appellate orders were set aside, while the authorities were left free to proceed afresh if evidence of collusion or lack of bona fides exists.
Input tax credit could not be denied to a bona fide purchasing dealer who bought from a registered supplier and complied with statutory requirements merely because the supplier failed to deposit the collected tax. The Department's remedy lies against the defaulting supplier, not against the purchaser, unless there is material showing that the transactions were not bona fide or were entered into in collusion. On that basis, the impugned demand and appellate orders were set aside, while the authorities were left free to proceed afresh if evidence of collusion or lack of bona fides exists.
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