Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Assignment of leasehold rights by a lessee to a third-party assignee was treated by the Gujarat High Court as a transfer of benefits arising from land, not a taxable supply of services under section 7(1)(a) of the GST Act read with Schedules II and III. The Court applied strict construction of taxing provisions and concluded that GST was not leviable on the transaction. The Supreme Court dismissed the special leave petitions, referring to dismissal of a similar special leave petition.
Assignment of leasehold rights by a lessee to a third-party assignee was treated by the Gujarat High Court as a transfer of benefits arising from land, not a taxable supply of services under section 7(1)(a) of the GST Act read with Schedules II and III. The Court applied strict construction of taxing provisions and concluded that GST was not leviable on the transaction. The Supreme Court dismissed the special leave petitions, referring to dismissal of a similar special leave petition.
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