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...
Reversal of Cenvat Credit - Whether the appellant is liable to pay 5% / 6% / 7% of the value of exempted services (trading) as they failed to maintain separate accounts of common inputs availed for taxable services and exempted services? - The tribunal determined that the department could not deny the appellant the option to reverse proportionate credit attributable to trading, even without prior intimation. The demand for payment of 5%, 6%, or 7% of the value of exempted services was found unsustainable.
Reversal of Cenvat Credit - Whether the appellant is liable to pay 5% / 6% / 7% of the value of exempted services (trading) as they failed to maintain separate accounts of common inputs availed for taxable services and exempted services? - The tribunal determined that the department could not deny the appellant the option to reverse proportionate credit attributable to trading, even without prior intimation. The demand for payment of 5%, 6%, or 7% of the value of exempted services was found unsustainable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
