Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Natural gas supplied under the GSPA was held to be an inter-State sale concluded at Gadimoga in Andhra Pradesh, where delivery, measurement, title and risk passed to the buyer's designee; the subsequent movement through a common carrier pipeline into Uttar Pradesh was only transportation and did not convert the transaction into an intra-State sale. Co-mingling, re-metering, fungibility and processing during transit did not alter the sale's character, and Uttar Pradesh therefore lacked jurisdiction to levy VAT. Explanation 3 to Section 3 of the CST Act was treated as clarificatory, reflecting the pre-existing legal position and applying to the original scheme of the provision.
Natural gas supplied under the GSPA was held to be an inter-State sale concluded at Gadimoga in Andhra Pradesh, where delivery, measurement, title and risk passed to the buyer's designee; the subsequent movement through a common carrier pipeline into Uttar Pradesh was only transportation and did not convert the transaction into an intra-State sale. Co-mingling, re-metering, fungibility and processing during transit did not alter the sale's character, and Uttar Pradesh therefore lacked jurisdiction to levy VAT. Explanation 3 to Section 3 of the CST Act was treated as clarificatory, reflecting the pre-existing legal position and applying to the original scheme of the provision.
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