Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
The High Court dismissed the challenge to the assessment order regarding wrongful availing of input tax credit. The court found the petitioner's claim of surrendering registration under TNVAT Act and CST Act on 25.12.2014 implausible, as it was a holiday and an acknowledgment would not have been issued on that date. The court directed the respondents to verify from which IP address the transactions were made for filing returns in the petitioner's name during the disputed period, facilitating wrongful availing of input tax credit and passing it to unscrupulous dealers.
The High Court dismissed the challenge to the assessment order regarding wrongful availing of input tax credit. The court found the petitioner's claim of surrendering registration under TNVAT Act and CST Act on 25.12.2014 implausible, as it was a holiday and an acknowledgment would not have been issued on that date. The court directed the respondents to verify from which IP address the transactions were made for filing returns in the petitioner's name during the disputed period, facilitating wrongful availing of input tax credit and passing it to unscrupulous dealers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
