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...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
A proposed contribution of developed leasehold land, constructed hotel floors and related infrastructure to an LLP was treated as a taxable supply of service under the CGST Act. The arrangement was regarded as a transaction between distinct taxable persons, with consideration in non-monetary form because the contributor would receive partnership interest, profit-sharing rights and related commercial benefits. The transfer of leasehold and occupancy rights for hotel business was viewed as supply of service in the course or furtherance of business, not as a mere capital contribution or sale of immovable property outside GST. As the transaction did not fall within Schedule III, GST was held leviable on the proposed arrangement.
A proposed contribution of developed leasehold land, constructed hotel floors and related infrastructure to an LLP was treated as a taxable supply of service under the CGST Act. The arrangement was regarded as a transaction between distinct taxable persons, with consideration in non-monetary form because the contributor would receive partnership interest, profit-sharing rights and related commercial benefits. The transfer of leasehold and occupancy rights for hotel business was viewed as supply of service in the course or furtherance of business, not as a mere capital contribution or sale of immovable property outside GST. As the transaction did not fall within Schedule III, GST was held leviable on the proposed arrangement.
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