https://www.taxtmi.com/caselaws?id=782404 HC held that ITC on insurance premium for stock in trade and business premises was wrongly disallowed by treating the policy as motor vehicle insurance under s.17(5) CGST Act. Examining the policies, HC found they covered stock, premises, STFI risk, earthquake, and manufacturing equipment, not motor vehicles. As the demand was based solely on this incorrect factual assumption and all other proposed additions were dropped, HC held the authority had improperly assumed jurisdiction to deny ITC. The impugned order and notice were quashed, and the petition was allowed. en-us Thu, 13 Nov 2025 00:00:00 +0530 Fri, 28 Nov 2025 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782404 HC held that ITC on insurance premium for stock in trade and business premises was wrongly disallowed by treating the policy as motor vehicle insurance under s.17(5) CGST Act. Examining the policies, HC found they covered stock, premises, STFI risk, earthquake, and manufacturing equipment, not motor vehicles. As the demand was based solely on this incorrect factual assumption and all other proposed additions were dropped, HC held the authority had improperly assumed jurisdiction to deny ITC. The impugned order and notice were quashed, and the petition was allowed. Case-Laws GST Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782404