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...
The HC set aside the impugned order rejecting the petitioner's transitional credit and related demands arising from the failure to upload the Tran-3 Form during the initial GST transition period. The petitioner was entitled to file fresh Tran Forms within the prescribed window, which they duly did. The respondents' reliance on the circular to deny this opportunity was held to be incorrect, particularly as the adjudication on the Tran Forms had not concluded before the window closed. The credit sought was undisputedly available under the Excise Act, and the adjudication issue related solely to the filing of the Tran-3 Form, which did not fall under the relevant guidelines restricting such filings. Consequently, any demands raised on account of the rejected transition credit were quashed, and the petition was allowed.
The HC set aside the impugned order rejecting the petitioner's transitional credit and related demands arising from the failure to upload the Tran-3 Form during the initial GST transition period. The petitioner was entitled to file fresh Tran Forms within the prescribed window, which they duly did. The respondents' reliance on the circular to deny this opportunity was held to be incorrect, particularly as the adjudication on the Tran Forms had not concluded before the window closed. The credit sought was undisputedly available under the Excise Act, and the adjudication issue related solely to the filing of the Tran-3 Form, which did not fall under the relevant guidelines restricting such filings. Consequently, any demands raised on account of the rejected transition credit were quashed, and the petition was allowed.
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