Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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The High Court addressed a challenge to an assessment order regarding the reversal of Input Tax Credit for credit notes issued by the supplier. The court found that the requirements under sub-section (3) of Section 15 of the GST statutes were not satisfied, leading to the supplier being liable to pay tax on the full value of supply. The court highlighted the discretionary nature of jurisdiction under Article 226, noting that the existence of an alternative remedy does not bar its exercise. Despite the petitioner approaching the appellate authority for other issues, the court exercised jurisdiction due to the need for evidence reappraisal. The impugned order was set aside only concerning the reversal of Input Tax Credit, and the petition was disposed of accordingly.
The High Court addressed a challenge to an assessment order regarding the reversal of Input Tax Credit for credit notes issued by the supplier. The court found that the requirements under sub-section (3) of Section 15 of the GST statutes were not satisfied, leading to the supplier being liable to pay tax on the full value of supply. The court highlighted the discretionary nature of jurisdiction under Article 226, noting that the existence of an alternative remedy does not bar its exercise. Despite the petitioner approaching the appellate authority for other issues, the court exercised jurisdiction due to the need for evidence reappraisal. The impugned order was set aside only concerning the reversal of Input Tax Credit, and the petition was disposed of accordingly.
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