Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
TDS credit cannot be denied merely because tax was deducted in the assessee's PAN for sale proceeds said to belong to another person, where the assessee was only a commission agent and the tax had in fact been deducted and deposited in the Government treasury. The Tribunal held that, on admitted facts, the assessee was entitled to credit of the amount actually deducted in his PAN. Section 199 read with Rule 37BA(2) did not justify refusal of credit on the ground that the underlying sale receipts belonged to the farmer; at most, the deduction was excessive, not non-creditable.
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