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...
HC adjudicated a tax refund dispute involving budgetary support claims under CGST Act, 2017. The court found the respondent's rejection of partial refund claims improper, specifically for Rs. 48,640/- and Rs. 64,496/- for different quarters. The HC held that the petitioner was entitled to budgetary support calculated at 58% of central tax paid through cash ledger and 29% of IGST paid after input tax credit utilization. The court ordered respondent No. 3 to release the inadmissible amounts previously withheld, declaring the original rejection orders contrary to the notification dated 05.10.2017. Petition was disposed of with directions for refund release.
HC adjudicated a tax refund dispute involving budgetary support claims under CGST Act, 2017. The court found the respondent's rejection of partial refund claims improper, specifically for Rs. 48,640/- and Rs. 64,496/- for different quarters. The HC held that the petitioner was entitled to budgetary support calculated at 58% of central tax paid through cash ledger and 29% of IGST paid after input tax credit utilization. The court ordered respondent No. 3 to release the inadmissible amounts previously withheld, declaring the original rejection orders contrary to the notification dated 05.10.2017. Petition was disposed of with directions for refund release.
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