Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
CESTAT Mumbai addressed CENVAT Credit issues on Rent-a-Cab services and insurance services u/s Rule 2(l) of Cenvat Credit Rules, 2004. Rent-a-Cab services were denied credit initially, but tribunal allowed it as the vehicles were used for output services. Motor vehicles used did not qualify as capital goods. Insurance services were deemed eligible as they were not for personal use or employee consumption. Tribunal cited precedent for insurance service credit. Services excluded post-amendment were listed, but insurance services were found eligible for credit. Impugned order partially allowed appeal for insurance services but denied for Rent-a-Cab services.
CESTAT Mumbai addressed CENVAT Credit issues on Rent-a-Cab services and insurance services u/s Rule 2(l) of Cenvat Credit Rules, 2004. Rent-a-Cab services were denied credit initially, but tribunal allowed it as the vehicles were used for output services. Motor vehicles used did not qualify as capital goods. Insurance services were deemed eligible as they were not for personal use or employee consumption. Tribunal cited precedent for insurance service credit. Services excluded post-amendment were listed, but insurance services were found eligible for credit. Impugned order partially allowed appeal for insurance services but denied for Rent-a-Cab services.
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