Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
HC held that the amalgamated company was entitled to adjust the written down value of assets based on actual depreciation, despite not obtaining Central Government approval under Section 72A of the Income Tax Act. The Tribunal's previous order was overturned, affirming the CIT (Appeals) decision. The court found no public interest element in the amalgamation and ruled in favor of the assessee, allowing the adjustment of written down value and depreciation claim on amalgamating companies' assets. The substantial question of law was resolved against the Revenue, permitting the asset value adjustment without mandatory governmental approval.
HC held that the amalgamated company was entitled to adjust the written down value of assets based on actual depreciation, despite not obtaining Central Government approval under Section 72A of the Income Tax Act. The Tribunal's previous order was overturned, affirming the CIT (Appeals) decision. The court found no public interest element in the amalgamation and ruled in favor of the assessee, allowing the adjustment of written down value and depreciation claim on amalgamating companies' assets. The substantial question of law was resolved against the Revenue, permitting the asset value adjustment without mandatory governmental approval.
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TaxTMI 
TaxTMI 
of 4916 
