Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
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Petrol and diesel remain outside the levy of GST until formally notified for inclusion, so supplies incorporating these fuels cannot be treated as taxable under the GST framework; accordingly the composite supply doctrine does not apply where one element is petrol/diesel because all components must be taxable for a composite supply to arise. Until GST inclusion, petroleum products continue to be taxed under the pre GST regime (central excise and State VAT), and VAT paid on such fuel does not qualify as input tax credit under the CGST input tax credit provisions.
Petrol and diesel remain outside the levy of GST until formally notified for inclusion, so supplies incorporating these fuels cannot be treated as taxable under the GST framework; accordingly the composite supply doctrine does not apply where one element is petrol/diesel because all components must be taxable for a composite supply to arise. Until GST inclusion, petroleum products continue to be taxed under the pre GST regime (central excise and State VAT), and VAT paid on such fuel does not qualify as input tax credit under the CGST input tax credit provisions.
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