Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
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A statutory electricity regulatory commission's tariff, licensing and allied regulatory functions were held to be adjudicatory and regulatory in nature, not trade, commerce or business. Fees collected for discharging those functions were therefore not consideration for a taxable supply, and the Schedule III exclusion for services by courts and tribunals applied. The Court further held that no artificial bifurcation between regulatory and quasi-judicial functions was permissible. As the commission stood on the same footing as the regulatory commission considered in the earlier Delhi High Court ruling, the notices and orders seeking to levy service tax and GST were ex facie unsustainable and were set aside.
A statutory electricity regulatory commission's tariff, licensing and allied regulatory functions were held to be adjudicatory and regulatory in nature, not trade, commerce or business. Fees collected for discharging those functions were therefore not consideration for a taxable supply, and the Schedule III exclusion for services by courts and tribunals applied. The Court further held that no artificial bifurcation between regulatory and quasi-judicial functions was permissible. As the commission stood on the same footing as the regulatory commission considered in the earlier Delhi High Court ruling, the notices and orders seeking to levy service tax and GST were ex facie unsustainable and were set aside.
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