https://www.taxtmi.com/forum/issue?id=120798 The Supreme Court in Safari Retreats applied a functional test to allow ITC where a building functions as plant or machinery, but a retrospective substitution of "plant or machinery" with the defined composite term plant and machinery, which excludes buildings and civil structures, removes that interpretative basis. Consequently, capitalised costs for construction of buildings used for renting or leasing are now outside the exception and ITC remains blocked under the amended statutory framework, exposing taxpayers who relied on the judgment to departmental scrutiny. en-us Fri, 06 Mar 2026 16:12:48 +0530 Wed, 11 Mar 2026 07:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120798 The Supreme Court in Safari Retreats applied a functional test to allow ITC where a building functions as plant or machinery, but a retrospective substitution of "plant or machinery" with the defined composite term plant and machinery, which excludes buildings and civil structures, removes that interpretative basis. Consequently, capitalised costs for construction of buildings used for renting or leasing are now outside the exception and ITC remains blocked under the amended statutory framework, exposing taxpayers who relied on the judgment to departmental scrutiny. Discussion-Forum GST Fri, 06 Mar 2026 16:12:48 +0530 https://www.taxtmi.com/forum/issue?id=120798