Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
HC ruled that the petitioner's refund claim for accumulated ITC was improperly rejected. Applying precedent from Patanjali case, the court held that filing a refund application after 18.07.2022 does not automatically disqualify an applicant from seeking refund within the statutory two-year limitation period. The notification creating an arbitrary classification among assessees based on filing date was deemed invalid. Consequently, the court quashed the rejection orders dated 24.02.2023 and 30.01.2023, thereby allowing the petitioner's refund claim and upholding the statutory right to file claims within the prescribed time limit.
HC ruled that the petitioner's refund claim for accumulated ITC was improperly rejected. Applying precedent from Patanjali case, the court held that filing a refund application after 18.07.2022 does not automatically disqualify an applicant from seeking refund within the statutory two-year limitation period. The notification creating an arbitrary classification among assessees based on filing date was deemed invalid. Consequently, the court quashed the rejection orders dated 24.02.2023 and 30.01.2023, thereby allowing the petitioner's refund claim and upholding the statutory right to file claims within the prescribed time limit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
