Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
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CESTAT allowed the appeal, affirming that sub-contractors can claim excise duty exemption under N/N. 6/2006-CE for thermal power project supplies when the main contractor (ABB Limited) was awarded the contract through International Competitive Bidding. The tribunal determined that the appellant met all necessary conditions by supplying goods for NTPC's power project, with the main contractor having complied with certification requirements. Relying on precedent from a coordinate bench, the tribunal held that the exemption applies to sub-contractors when the primary contractual conditions are satisfied, thereby reversing the initial denial of duty exemption.
CESTAT allowed the appeal, affirming that sub-contractors can claim excise duty exemption under N/N. 6/2006-CE for thermal power project supplies when the main contractor (ABB Limited) was awarded the contract through International Competitive Bidding. The tribunal determined that the appellant met all necessary conditions by supplying goods for NTPC's power project, with the main contractor having complied with certification requirements. Relying on precedent from a coordinate bench, the tribunal held that the exemption applies to sub-contractors when the primary contractual conditions are satisfied, thereby reversing the initial denial of duty exemption.
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