Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Eligibility for Composition scheme - ice-cream - limited grievance of the petitioners is that the ‘Ice Cream’ has been placed on par with Pan Masala and Tobacco - The High Court scrutinized the decision of the GST Council and found it lacking in adequate reasoning. It emphasized the importance of reasonable classification in taxation laws, citing constitutional principles and judicial precedents. Ice Cream, being a widely consumed item, cannot be arbitrarily placed in the same category as luxury goods without proper justification. Consequently, the High Court directed the GST Council to reconsider its decision regarding the exclusion of Small-Scale Ice Cream Manufacturers from the composition scheme. The Court expected the Council to make this decision within a reasonable timeframe, preferably three months.
Eligibility for Composition scheme - ice-cream - limited grievance of the petitioners is that the ‘Ice Cream’ has been placed on par with Pan Masala and Tobacco - The High Court scrutinized the decision of the GST Council and found it lacking in adequate reasoning. It emphasized the importance of reasonable classification in taxation laws, citing constitutional principles and judicial precedents. Ice Cream, being a widely consumed item, cannot be arbitrarily placed in the same category as luxury goods without proper justification. Consequently, the High Court directed the GST Council to reconsider its decision regarding the exclusion of Small-Scale Ice Cream Manufacturers from the composition scheme. The Court expected the Council to make this decision within a reasonable timeframe, preferably three months.
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