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 ...
Seeking activation of GSTIN and granting final certificate of registration to the Petitioners from 01.07.2017 - The case involved a dispute regarding the activation of the petitioner's GSTIN under the Goods and Services Tax (GST) regime. Technical glitches initially resulted in the linkage of the petitioner's GSTIN to the PAN of a partnership firm instead of the proprietor's PAN. As a consequence, the petitioner faced challenges in availing input tax credit for purchases made during the transition period. - The High Court found merit in the petitioner's argument, ruling that they were not responsible for the initial technical errors. The Court ordered the activation of the correct GSTIN with retroactive effect from July 1, 2017, allowing the petitioner to avail input tax credit for the relevant period.
Seeking activation of GSTIN and granting final certificate of registration to the Petitioners from 01.07.2017 - The case involved a dispute regarding the activation of the petitioner's GSTIN under the Goods and Services Tax (GST) regime. Technical glitches initially resulted in the linkage of the petitioner's GSTIN to the PAN of a partnership firm instead of the proprietor's PAN. As a consequence, the petitioner faced challenges in availing input tax credit for purchases made during the transition period. - The High Court found merit in the petitioner's argument, ruling that they were not responsible for the initial technical errors. The Court ordered the activation of the correct GSTIN with retroactive effect from July 1, 2017, allowing the petitioner to avail input tax credit for the relevant period.
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