Transfer pricing comparables selection and working capital adjustment u/r 10B(1)(e)(iii), remanded for recomputation with rejected comparables include...
Company oppression/mismanagement petition amendments and maintainability after alleged share transfer and forgery claims; tribunal order quashed for l...
HC examined the levy of GST on lease amounts deposited in an escrow account, meant to be ultimately transferred to the Ministry of Urban Development or the Consolidated Fund of India. Petitioner contended that receipts included consideration from Government Departments and Autonomous Bodies, which are exempt from GST, and that demand raised on the escrowed sums was unwarranted. Relying on the Ministry of Finance's clear opinion that the CGST, Delhi South demand was devoid of merit, HC set aside the impugned order dated 29 January 2025 and disposed of the petition.
HC examined the levy of GST on lease amounts deposited in an escrow account, meant to be ultimately transferred to the Ministry of Urban Development or the Consolidated Fund of India. Petitioner contended that receipts included consideration from Government Departments and Autonomous Bodies, which are exempt from GST, and that demand raised on the escrowed sums was unwarranted. Relying on the Ministry of Finance's clear opinion that the CGST, Delhi South demand was devoid of merit, HC set aside the impugned order dated 29 January 2025 and disposed of the petition.
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