Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
GST paid on annual lease rental of land taken from the Government for construction of a factory was held to be blocked input tax credit under Section 17(5)(d), which overrides Section 16 through its non-obstante clause. The authority held that lease service obtained for the purpose of constructing immovable property on the taxable person's own account falls within the statutory bar, and refused to narrow the word "for" or read clause (d) down by reference to clause (c). It further held that the bar continues for pre-construction and post-construction periods, for vacant green-belt land forming part of the premises, and during repairs, renovation, maintenance and reconstruction, as these remain within the construction restriction.
GST paid on annual lease rental of land taken from the Government for construction of a factory was held to be blocked input tax credit under Section 17(5)(d), which overrides Section 16 through its non-obstante clause. The authority held that lease service obtained for the purpose of constructing immovable property on the taxable person's own account falls within the statutory bar, and refused to narrow the word "for" or read clause (d) down by reference to clause (c). It further held that the bar continues for pre-construction and post-construction periods, for vacant green-belt land forming part of the premises, and during repairs, renovation, maintenance and reconstruction, as these remain within the construction restriction.
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