Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC held that the assessing authority and Tribunal were justified in passing a fresh order after remand, as it was an open remand without specific restrictions. Once lubricant became a non-VATable good for traders, the revisionist's claim for input tax credit was rightly rejected, despite judgments cited regarding circulars. The revisionist did not challenge the circular's validity before a competent court. Under revisional jurisdiction, the circular's validity cannot be tested. The classification of goods as VATable or non-VATable determines the input tax credit eligibility. Revision was dismissed.
The HC held that the assessing authority and Tribunal were justified in passing a fresh order after remand, as it was an open remand without specific restrictions. Once lubricant became a non-VATable good for traders, the revisionist's claim for input tax credit was rightly rejected, despite judgments cited regarding circulars. The revisionist did not challenge the circular's validity before a competent court. Under revisional jurisdiction, the circular's validity cannot be tested. The classification of goods as VATable or non-VATable determines the input tax credit eligibility. Revision was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
