Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
Section 16(5) extends the time-limit for claiming input tax credit where the relevant returns were filed before 30 November 2021. The material states that denial based solely on the earlier Section 16(4) deadline is unsustainable in such circumstances, subject to the claimant otherwise satisfying eligibility requirements. It describes partial relief setting aside denial of credit for delayed filing of specified returns and requiring reconsideration under Section 16(5). A separate denial based on absence of supporting documents remains unaffected, so documentary substantiation continues to govern admissibility of the credit.
Section 16(5) extends the time-limit for claiming input tax credit where the relevant returns were filed before 30 November 2021. The material states that denial based solely on the earlier Section 16(4) deadline is unsustainable in such circumstances, subject to the claimant otherwise satisfying eligibility requirements. It describes partial relief setting aside denial of credit for delayed filing of specified returns and requiring reconsideration under Section 16(5). A separate denial based on absence of supporting documents remains unaffected, so documentary substantiation continues to govern admissibility of the credit.
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