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...
AAR held that the dry lease of a Bell 412 EP helicopter by the applicant to the lessee constitutes a taxable "transfer of right to use" goods, meeting the BSNL test: delivery of the aircraft with engines, avionics, manuals and records, provision of airworthy condition and licences, and effective control passing to the lessee. The supply is classifiable under HSN 9973 (leasing/rental services without operator) and falls within Sl. No. 17(iii) of Notification No. 11/2017-CT(R). As the helicopter is employed for commercial, non-personal use by a non-scheduled air transport operator, the transaction attracts GST at 5% as prescribed under the applicable notification.
AAR held that the dry lease of a Bell 412 EP helicopter by the applicant to the lessee constitutes a taxable "transfer of right to use" goods, meeting the BSNL test: delivery of the aircraft with engines, avionics, manuals and records, provision of airworthy condition and licences, and effective control passing to the lessee. The supply is classifiable under HSN 9973 (leasing/rental services without operator) and falls within Sl. No. 17(iii) of Notification No. 11/2017-CT(R). As the helicopter is employed for commercial, non-personal use by a non-scheduled air transport operator, the transaction attracts GST at 5% as prescribed under the applicable notification.
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