Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
Customs jurisdiction defined for Principal Commissioner, Vishakhapatnam, covering specified ports, districts and India's adjacent EEZ; effective on pu...
Input tax credit was allowed on inputs and input services used to construct a concrete VCV tower supporting the VCV line for manufacture of EHV cables. The Authority held that the controlling question under section 17(5)(c) and (d) was whether the tower was foundation or structural support of plant and machinery. As the tower was indispensable for holding, stabilising and supporting the vertically laid manufacturing line and maintaining its integrity and efficiency, it fell within the Explanation to section 17 as plant and machinery. The exclusion for land, building or other civil structures was held not to cover such structural support, so the blocked-credit bar did not apply.
Input tax credit was allowed on inputs and input services used to construct a concrete VCV tower supporting the VCV line for manufacture of EHV cables. The Authority held that the controlling question under section 17(5)(c) and (d) was whether the tower was foundation or structural support of plant and machinery. As the tower was indispensable for holding, stabilising and supporting the vertically laid manufacturing line and maintaining its integrity and efficiency, it fell within the Explanation to section 17 as plant and machinery. The exclusion for land, building or other civil structures was held not to cover such structural support, so the blocked-credit bar did not apply.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
