Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Entitlement to Input Tax Credit (ITC) - Inward supply of Car / Demo cars - Car used for demonstration purpose to the potential customer interested in buying Mercedes Benz Car - The Authority ruled that the applicant is entitled to claim ITC on the inward supply of demo cars. The key rationale is that the demo cars, while initially used for demonstration purposes, are later sold, which qualifies as a 'further supply of such motor vehicles.' This decision underscores that demo vehicles are not merely for display but are an integral part of the sales and business strategy, thereby meeting the criteria set under Section 16 of the GST Act for claiming ITC.
Entitlement to Input Tax Credit (ITC) - Inward supply of Car / Demo cars - Car used for demonstration purpose to the potential customer interested in buying Mercedes Benz Car - The Authority ruled that the applicant is entitled to claim ITC on the inward supply of demo cars. The key rationale is that the demo cars, while initially used for demonstration purposes, are later sold, which qualifies as a 'further supply of such motor vehicles.' This decision underscores that demo vehicles are not merely for display but are an integral part of the sales and business strategy, thereby meeting the criteria set under Section 16 of the GST Act for claiming ITC.
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