Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Interest on refunded IGST collected on ocean freight for July 2017 to March 2021 is to be granted in accordance with the principles specified in Paradeep Phosphates Ltd. The claim was treated as identical to that precedent, and the authorities were directed to pay the applicable interest within six weeks. The operative relief concerns interest on the refund of illegally collected IGST, rather than the refund entitlement itself.
Interest on refunded IGST collected on ocean freight for July 2017 to March 2021 is to be granted in accordance with the principles specified in Paradeep Phosphates Ltd. The claim was treated as identical to that precedent, and the authorities were directed to pay the applicable interest within six weeks. The operative relief concerns interest on the refund of illegally collected IGST, rather than the refund entitlement itself.
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