Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
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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