Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
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The Delhi HC reiterated that derecognition of income relating to consumers' share of efficiency gains and the deduction under section 80-IA were already covered against the Department by its earlier decision in Tata Power Delhi Distribution Ltd., leaving no surviving question. It further upheld deletion of disallowance under section 43B for uncollected energy tax, accepting that the tax became payable only when collected from consumers. The Court also treated interest on consumer security deposits as an accrued statutory and contractual liability, not a contingent one, and held that UPS forms an integral part of a computer system, so depreciation at the computer rate was proper. The appeal was dismissed.
The Delhi HC reiterated that derecognition of income relating to consumers' share of efficiency gains and the deduction under section 80-IA were already covered against the Department by its earlier decision in Tata Power Delhi Distribution Ltd., leaving no surviving question. It further upheld deletion of disallowance under section 43B for uncollected energy tax, accepting that the tax became payable only when collected from consumers. The Court also treated interest on consumer security deposits as an accrued statutory and contractual liability, not a contingent one, and held that UPS forms an integral part of a computer system, so depreciation at the computer rate was proper. The appeal was dismissed.
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