Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
The HC held that the impugned order failed to apply sub-section (5) of Section 16 of the CGST Act, which was made effective from 1 July 2017 and prescribes that, notwithstanding sub-section (4), a registered person may claim input tax credit for invoices/debit notes relating to FY 2017-18 through FY 2020-21 in any return filed up to 30 November 2021. Because the authority did not consider the implications of s.16(5) when deciding the dispute between the anonymized petitioner and respondent, the HC set aside the decision and remitted the matter to the authority for fresh adjudication in light of s.16(5). The petition was disposed by remand.
The HC held that the impugned order failed to apply sub-section (5) of Section 16 of the CGST Act, which was made effective from 1 July 2017 and prescribes that, notwithstanding sub-section (4), a registered person may claim input tax credit for invoices/debit notes relating to FY 2017-18 through FY 2020-21 in any return filed up to 30 November 2021. Because the authority did not consider the implications of s.16(5) when deciding the dispute between the anonymized petitioner and respondent, the HC set aside the decision and remitted the matter to the authority for fresh adjudication in light of s.16(5). The petition was disposed by remand.
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