Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Applicable rate of tax (GST) - Classification of goods - mango pulp supplied to 100% Export Oriented Unit which further exports such pulp outside the country after minor processing / re-packing - The court clarified that mango pulp does not fall under the category of fresh mangoes (exempt from GST) or solely under "mangoes sliced, dried" (5% GST rate). Instead, it is part of a broader category of mangoes that includes forms other than sliced and dried, thus justifying a 12% GST rate as per the latest GST Council clarifications. The court rejected the petitioners' arguments against retrospective application, noting that the notifications and circulars were clarificatory in nature and did not impose a new tax but clarified the existing law as intended by earlier GST Council decisions.
Applicable rate of tax (GST) - Classification of goods - mango pulp supplied to 100% Export Oriented Unit which further exports such pulp outside the country after minor processing / re-packing - The court clarified that mango pulp does not fall under the category of fresh mangoes (exempt from GST) or solely under "mangoes sliced, dried" (5% GST rate). Instead, it is part of a broader category of mangoes that includes forms other than sliced and dried, thus justifying a 12% GST rate as per the latest GST Council clarifications. The court rejected the petitioners' arguments against retrospective application, noting that the notifications and circulars were clarificatory in nature and did not impose a new tax but clarified the existing law as intended by earlier GST Council decisions.
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