Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Under the unamended GST framework, an Input Service Distributor could not procure and distribute credit relating to common services liable to reverse charge through the ISD route, because the then-existing definition barred such procurement. The later Finance Act, 2024 remedy applies only from 01.04.2025, so it did not govern the disputed period. For that period, the CBIC circular of 17.07.2023 clarified that common credit need not be routed only through ISD and could also be transferred by tax invoice under Section 31. As the taxpayer had used ISD for forward charge credit and tax invoices for reverse charge common credit, and had availed only eligible credit, the contrary order was quashed.
Under the unamended GST framework, an Input Service Distributor could not procure and distribute credit relating to common services liable to reverse charge through the ISD route, because the then-existing definition barred such procurement. The later Finance Act, 2024 remedy applies only from 01.04.2025, so it did not govern the disputed period. For that period, the CBIC circular of 17.07.2023 clarified that common credit need not be routed only through ISD and could also be transferred by tax invoice under Section 31. As the taxpayer had used ISD for forward charge credit and tax invoices for reverse charge common credit, and had availed only eligible credit, the contrary order was quashed.
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