Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Clause 43.2 requires contract-price adjustment where taxes, duties or levies change during contract execution and the change is not already reflected in the price. Accordingly, GST introduced during subsisting works contracts shifted the additional tax burden to the employer, supported by the contractual terms and the applicable Government Order, and the tax component was directed to be reimbursed. Retention amounts could not be withheld merely because audit objections remained pending; they were to be refunded with commercial-rate interest unless appropriation was otherwise justified. Claims for price escalation or adjustment involving disputed facts were not determined in writ proceedings and were left to the contractual dispute-resolution mechanism and other remedies.
Clause 43.2 requires contract-price adjustment where taxes, duties or levies change during contract execution and the change is not already reflected in the price. Accordingly, GST introduced during subsisting works contracts shifted the additional tax burden to the employer, supported by the contractual terms and the applicable Government Order, and the tax component was directed to be reimbursed. Retention amounts could not be withheld merely because audit objections remained pending; they were to be refunded with commercial-rate interest unless appropriation was otherwise justified. Claims for price escalation or adjustment involving disputed facts were not determined in writ proceedings and were left to the contractual dispute-resolution mechanism and other remedies.
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