Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Extended period of limitation under customs and IGST law is available only where suppression, wilful misstatement, collusion or fraud is established. Here, the Tribunal found that the Bill of Entry disclosed the classification, notification number, serial number and applied IGST rate, and treated the dispute as one of interpretation over the applicable IGST rate rather than concealment. It also held the matter revenue neutral because the importer could avail input tax credit of any additional IGST paid. The demand was therefore held time-barred and unsustainable, without examining the merits of the IGST rate.
Extended period of limitation under customs and IGST law is available only where suppression, wilful misstatement, collusion or fraud is established. Here, the Tribunal found that the Bill of Entry disclosed the classification, notification number, serial number and applied IGST rate, and treated the dispute as one of interpretation over the applicable IGST rate rather than concealment. It also held the matter revenue neutral because the importer could avail input tax credit of any additional IGST paid. The demand was therefore held time-barred and unsustainable, without examining the merits of the IGST rate.
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