Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Refund of accumulated input tax credit - inverted duty (tax) structure - LPG supplies to domestic customers after bottling in cylinders - The High Court observed that, the stipulation in the Circular, denying refund of accumulated ITC when the input and output supplies are the same, was contrary to Section 54 of the CGST Act. - The court allowed the writ petitions, entitling the petitioner to a refund of the credit accumulated due to a higher tax rate on input supplies for bottling LPG for domestic supply.
Refund of accumulated input tax credit - inverted duty (tax) structure - LPG supplies to domestic customers after bottling in cylinders - The High Court observed that, the stipulation in the Circular, denying refund of accumulated ITC when the input and output supplies are the same, was contrary to Section 54 of the CGST Act. - The court allowed the writ petitions, entitling the petitioner to a refund of the credit accumulated due to a higher tax rate on input supplies for bottling LPG for domestic supply.
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