Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
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...
Claim of interest on delayed refund - The claim was rejected on the ground that the amount was recredited to the credit ledger - High court found this contention incorrect since the petitioner was eligible for an SGST refund, indicating that the delay in recrediting was unreasonable. Section 56 of the CGST Act entitles a taxpayer to interest on delayed refunds if not processed within sixty days of the application. - Interest @6% to be granted.
Claim of interest on delayed refund - The claim was rejected on the ground that the amount was recredited to the credit ledger - High court found this contention incorrect since the petitioner was eligible for an SGST refund, indicating that the delay in recrediting was unreasonable. Section 56 of the CGST Act entitles a taxpayer to interest on delayed refunds if not processed within sixty days of the application. - Interest @6% to be granted.
Note: It is a system-generated summary and is for quick reference only.
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