Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Page of 4798
Press 'Enter' after typing page number.
121 to 140 of 95955 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Rule 86A may be invoked only where credit in the electronic...
Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insufficient.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Rule 86A may be invoked only where credit in the electronic credit ledger has been fraudulently availed or is otherwise ineligible under the rule's specified conditions (for example, documents from a non-existent person, no receipt of goods/services, tax not paid, recipient non-existent, or lack of prescribed documents); where allegations concern only wrongful availment by the recipient of invoices and not fraudulent availment or ineligibility by the invoicing taxpayer, Rule 86A cannot be validly applied. Applying that principle, the notice invoking Rule 86A against the petitioner was without jurisdiction and the blocked electronic credit ledger must be unblocked, with other departmental contentions left open.
Rule 86A may be invoked only where credit in the electronic credit ledger has been fraudulently availed or is otherwise ineligible under the rule's specified conditions (for example, documents from a non-existent person, no receipt of goods/services, tax not paid, recipient non-existent, or lack of prescribed documents); where allegations concern only wrongful availment by the recipient of invoices and not fraudulent availment or ineligibility by the invoicing taxpayer, Rule 86A cannot be validly applied. Applying that principle, the notice invoking Rule 86A against the petitioner was without jurisdiction and the blocked electronic credit ledger must be unblocked, with other departmental contentions left open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
