Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Imposition of GST on trade payables - challenge on the ground that the impugned order travelled beyond the scope of the show cause notice and the entire trade payables of the petitioner were subject to GST - The court found the imposition of GST on the petitioner's total trade payables prima facie untenable, considering the petitioner's compliance with statutory requirements for availing ITC. The court agreed that there was a case for more detailed reconsideration regarding GST imposition on inward supplies and availed ITC. It ordered the petitioner to remit 10% of the disputed tax demand under all heads, except trade payables, for reconsideration.
Imposition of GST on trade payables - challenge on the ground that the impugned order travelled beyond the scope of the show cause notice and the entire trade payables of the petitioner were subject to GST - The court found the imposition of GST on the petitioner's total trade payables prima facie untenable, considering the petitioner's compliance with statutory requirements for availing ITC. The court agreed that there was a case for more detailed reconsideration regarding GST imposition on inward supplies and availed ITC. It ordered the petitioner to remit 10% of the disputed tax demand under all heads, except trade payables, for reconsideration.
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