Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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The HC dismissed the writ petitioners' challenge to the denial of input tax credit, finding that neither the assessment order nor subsequent authorities had adequately examined or verified the credit computation. The revisional authority's determination of allowable input tax credit at Rs. 36,36,100 under section 22(17) was upheld. The revisional Board's order was set aside, and the matter remanded to the AO to grant the specified credit and issue a revised assessment within eight weeks of receiving the judgment. The petition was allowed solely by way of remand to ensure the petitioners receive the input tax credit as determined by the revisional authority.
The HC dismissed the writ petitioners' challenge to the denial of input tax credit, finding that neither the assessment order nor subsequent authorities had adequately examined or verified the credit computation. The revisional authority's determination of allowable input tax credit at Rs. 36,36,100 under section 22(17) was upheld. The revisional Board's order was set aside, and the matter remanded to the AO to grant the specified credit and issue a revised assessment within eight weeks of receiving the judgment. The petition was allowed solely by way of remand to ensure the petitioners receive the input tax credit as determined by the revisional authority.
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