Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Input tax credit - Purchase of Lift - credit available to Hotel or not - the lift has become part of the building and thus falls under the exclusion from plant and machinery and accordingly, we do not find any reason to interfere with the clear provisions of statute - The ITC of tax paid on Lifts procured and installed in hotel building shall not be available to the applicant as the same is blocked u/s 17 of CGST.
Input tax credit - Purchase of Lift - credit available to Hotel or not - the lift has become part of the building and thus falls under the exclusion from plant and machinery and accordingly, we do not find any reason to interfere with the clear provisions of statute - The ITC of tax paid on Lifts procured and installed in hotel building shall not be available to the applicant as the same is blocked u/s 17 of CGST.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
