Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
IGST exemption on imported engine stands claimed under Sr. No. 557B of Notification No. 50/2017 was remitted for fresh decision because the show cause notice itself treated the imports as lease-based and the existing bond documents were on record; the Principal Commissioner was directed to reconsider the claim after allowing the importer to file the lease agreements and supporting material. Classification of the engine stands was also remitted, as the Tribunal noted its earlier decision in Interglobe Aviation Ltd. classifying such goods under CTI 8609 00 00 rather than CTI 8716 39 00, and directed fresh examination in that light. No final merits determination was made on either issue.
IGST exemption on imported engine stands claimed under Sr. No. 557B of Notification No. 50/2017 was remitted for fresh decision because the show cause notice itself treated the imports as lease-based and the existing bond documents were on record; the Principal Commissioner was directed to reconsider the claim after allowing the importer to file the lease agreements and supporting material. Classification of the engine stands was also remitted, as the Tribunal noted its earlier decision in Interglobe Aviation Ltd. classifying such goods under CTI 8609 00 00 rather than CTI 8716 39 00, and directed fresh examination in that light. No final merits determination was made on either issue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
