Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
CESTAT allowed the appeal, holding that the demand raised against the appellant was unsustainable. The tribunal found that the appellant qualified as a funded partner of NSDC for skill development programmes, and thus was eligible for exemption under Notification No. 25/2012-ST. The adjudicating authority's rejection based on absence of a partnership certificate was deemed incorrect. The tribunal emphasized that the loan was specifically extended for skill development programmes, and the exemption should be interpreted beneficially, consistent with the Supreme Court's guidance on interpreting beneficial notifications. The demand raised solely on discrepancies between tax returns, without independent investigation, was set aside.
CESTAT allowed the appeal, holding that the demand raised against the appellant was unsustainable. The tribunal found that the appellant qualified as a funded partner of NSDC for skill development programmes, and thus was eligible for exemption under Notification No. 25/2012-ST. The adjudicating authority's rejection based on absence of a partnership certificate was deemed incorrect. The tribunal emphasized that the loan was specifically extended for skill development programmes, and the exemption should be interpreted beneficially, consistent with the Supreme Court's guidance on interpreting beneficial notifications. The demand raised solely on discrepancies between tax returns, without independent investigation, was set aside.
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