Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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The High Court upheld the validity of the exemption notification dated 02.03.2023 issued u/s 3 of the U.P. Motor Vehicle Taxation Act, 1997. The notification imposed a condition that the vehicle must have been purchased in the State of Uttar Pradesh to avail the exemption. The Court held that Section 3 does not restrict the State Government's power to impose conditions for granting exemption. The condition regarding purchase of the vehicle within the State was found reasonable, as it allows the State to earn revenue through GST on such purchases. If vehicles are purchased from outside the State, the State loses that revenue. Therefore, the condition cannot be deemed unreasonable, and the petition challenging the notification was dismissed.
The High Court upheld the validity of the exemption notification dated 02.03.2023 issued u/s 3 of the U.P. Motor Vehicle Taxation Act, 1997. The notification imposed a condition that the vehicle must have been purchased in the State of Uttar Pradesh to avail the exemption. The Court held that Section 3 does not restrict the State Government's power to impose conditions for granting exemption. The condition regarding purchase of the vehicle within the State was found reasonable, as it allows the State to earn revenue through GST on such purchases. If vehicles are purchased from outside the State, the State loses that revenue. Therefore, the condition cannot be deemed unreasonable, and the petition challenging the notification was dismissed.
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