Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
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The HC dismissed the writ petition challenging the reversal of Input Tax Credit (ITC) on grounds of irregular availing from suppliers with cancelled registrations, noting the petitioner conflated provisions of Section 16 with Section 74 of the Act. Section 16 governs eligibility of ITC, while Section 74 addresses proceedings in cases of fraud or willful misstatement. The court emphasized the multi-tiered statutory adjudicatory framework, including appeals under Section 107 and before the Appellate Tribunal, which are competent to examine factual disputes. Given the factual nature of the controversy and the availability of efficacious statutory remedies, the HC declined to interfere via writ jurisdiction. The petition was dismissed without costs, permitting the petitioner to pursue relief through the prescribed appellate mechanisms.
The HC dismissed the writ petition challenging the reversal of Input Tax Credit (ITC) on grounds of irregular availing from suppliers with cancelled registrations, noting the petitioner conflated provisions of Section 16 with Section 74 of the Act. Section 16 governs eligibility of ITC, while Section 74 addresses proceedings in cases of fraud or willful misstatement. The court emphasized the multi-tiered statutory adjudicatory framework, including appeals under Section 107 and before the Appellate Tribunal, which are competent to examine factual disputes. Given the factual nature of the controversy and the availability of efficacious statutory remedies, the HC declined to interfere via writ jurisdiction. The petition was dismissed without costs, permitting the petitioner to pursue relief through the prescribed appellate mechanisms.
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