Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Compression of natural gas constitutes manufacture under Chapter Note 5 to Chapter 27 only where it is compressed for marketing as compressed natural gas. Compression undertaken solely to facilitate transportation, followed by decompression at customers' premises and sale as natural gas, does not amount to manufacture under section 2(f) of the Central Excise Act, 1944. On that basis, the excise duty demand, interest and penalties on the company, including the penalty imposed on its Chairman-CEO, were set aside.
Compression of natural gas constitutes manufacture under Chapter Note 5 to Chapter 27 only where it is compressed for marketing as compressed natural gas. Compression undertaken solely to facilitate transportation, followed by decompression at customers' premises and sale as natural gas, does not amount to manufacture under section 2(f) of the Central Excise Act, 1944. On that basis, the excise duty demand, interest and penalties on the company, including the penalty imposed on its Chairman-CEO, were set aside.
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