Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Disallowance of belated claim of Input Tax Credit was set aside, following the Division Bench ruling in BHARAT EARTH MOVERS LIMITED VERSUS THE STATE OF KARNATAKA, which held that the right to claim Input Tax Credit is indefeasible and no time limit is prescribed u/s 10(3) of the KVAT Act for availing Input Tax Credit. The High Court found no question of law requiring admission of the revision petition and disposed it off.
Disallowance of belated claim of Input Tax Credit was set aside, following the Division Bench ruling in BHARAT EARTH MOVERS LIMITED VERSUS THE STATE OF KARNATAKA, which held that the right to claim Input Tax Credit is indefeasible and no time limit is prescribed u/s 10(3) of the KVAT Act for availing Input Tax Credit. The High Court found no question of law requiring admission of the revision petition and disposed it off.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
