Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Benami Property
  • Bill
  • Central Excise
  • Companies Law
  • Customs
  • DGFT
  • FEMA
  • GST
  • GST - States
  • IBC
  • Income Tax
  • Indian Laws
  • Money Laundering
  • SEBI
  • SEZ
  • Service Tax
  • VAT / Sales Tax
Types:
---- All Types ---- ❯
  • ---- All Types ----
  • Act Rules
  • Case Laws
  • Circulars
  • Manuals
  • News
  • Notifications
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Circulars GST - States
    GST on Imitation Zari Thread
    Circulars GST - States
    Deciphering the GST Framework: Key Clarifications on (1) Passenger Transport and Motor Vehicle Renti...
    Circulars GST - States
    Place of Supply: Key Clarifications for 3 items
    Circulars Customs
    Regularization of Bills of Entry and Waiver of Interest in Indian Customs
    Circulars Customs
    Enhancing Maritime Security and Transparency: The Introduction of Body-Worn Cameras for Customs Boar...
    Renewal of Recognition for AMC Repo Clearing Limited: SEBI's Decision and its Implications
    Liberalizing Silver Imports: Analyzing the Impact of DGFT Notification No. 57/2023 on India's Trade ...
    Extension of the existing concessional import duties on specified edible oils up to and inclusive of...
    Levy of Export Duty on Molasses Exports
    Act Rules Customs
    Anti-Dumping Duties: A Comprehensive Analysis of the Customs Tariff Act, 1975
    Analysis of Recent Anti-Dumping Duty Imposition on Meta Phenylene Diamine Imports from China to Indi...
    Notifications Central Excise
    Analyzing the Implications of Central Excise Duty Changes on Petroleum Products
    Challenges in corporate insolvency, particularly when dealing with contract terminations and arbitra...
    Case Laws Customs
    Analyzing the Legal Dispute in Customs regarding provisional assessment: A Case of Procedural Lapses...
    Case Laws Income Tax
    Deduction u/s 80P: Navigating the Legal Labyrinth - Co-operative Societies Vis-a-vis Co-operative ba...
    Transition to the GST regime. Legal challenges posed by the GST regime on existing government contra...
    Case Laws Income Tax
    Navigating Legal Complexities - Assessment in case of third parties post search and seizure - The pe...
    Case Laws Income Tax
    Scope of compliance of the Document Identification Number (DIN) in tax communications​​.
    Supreme Court's Scrutiny of ED's Conduct: Upholding Legal Standards in Arrest and Remand Procedures
    GST: transportation of goods, the role of e-way bills, and the implications of their cancellation - ...
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Notes
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
Circulars GST - States
Show AI Summary
GST rate classification on imitation zari yarn clarified to cover metallised film-based yarns while excluding refunds on specified film inputs.
Imitation zari thread or yarn manufactured from metallised polyester film or metallised plastic film, whether used alone or blended with other fibres, is classified within the reduced GST rate category for imitation zari; however, polyester (metallised) film and plastic film inputs are not eligible for refund on account of rate inversion.
Circulars GST - States
Show AI Summary
GST applicability on transport, composite supply and pure agent treatments clarified, plus job work and governmental exemptions defined.
Services of passenger transport and renting of motor vehicles with operators where fuel is included attract GST at 5% with input tax credit within the same line of business; electricity bundled with renting or maintenance is a composite supply taxed with the principal supply while electricity supplied as a pure agent is excluded from the supplier's value; job work for processing barley into malt attracts 5% GST; exemptions for DMFTs and horticulture services/supplies to the public works department are addressed under governmental-authority exemption criteria.
Circulars GST - States
Show AI Summary
Place of supply clarifications alter GST treatment for cross border transport, advertising spaces and co location services.
Clarification sets out revised criteria for determining the place of supply for transportation of goods, advertising services involving physical spaces, and co location (server/hosting) services; the omission of a prior IGST provision requires reassessment of place of supply rules for cross border transportation, while the circular also specifies treatment for outdoor advertising and IT hosting to ensure uniform GST chargeability, invoicing and compliance across field formations.
Circulars Customs
Show AI Summary
Electronic Cash Ledger interest waiver enables regularization of manually cleared Bills of Entry after payment integration is completed.
The notice requires stakeholders to identify unpaid challans associated with manually issued Out of Charge Bills of Entry, pay the requisite duty through the Electronic Cash Ledger within prescribed timeframes, and enable system reconciliation so that Bills of Entry are regularized. It provides for waiver and refund of interest paid, conditional on compliance with payment deadlines and successful integration of payments into the customs systems.
Circulars Customs
Show AI Summary
Body-worn cameras for customs boarding officers mandated; recording from gangway to de-boarding, with safety exceptions and pre-notice.
Mandate requires Boarding Officers to wear a jacket bearing name and badges and a right side Body Worn Camera that records audio visual footage from approach at the gangway until de boarding; officers must notify the Shipping Agent/Line in advance, devices are standalone without wireless/SIM, and vessel Safety Officers may designate unsafe areas for non use subject to endorsement and cross verification by higher customs authorities.
Notifications SEBI
Show AI Summary
Renewal of recognition secures conditional authorisation for clearing and settlement of repo and reverse repo transactions in debt securities.
Renewal of recognition is granted to AMC Repo Clearing Limited for a one year period, authorising it to clear and settle repo and reverse repo transactions in debt securities traded on a recognized stock exchange. The renewal is conditioned on compliance with regulatory rules and directions and restricts the Clearing Corporation to activities solely related to clearing and settlement of eligible repo and reverse repo transactions.
Notifications DGFT
Show AI Summary
Liberalizing silver imports: expanding free actual user access and enabling bullion exchange imports to boost industrial inputs.
Amendment to import policy for silver under Chapter 71 of ITC (HS) 2022 classifies semi manufactured silver as Free on an Actual User basis for specified manufacturing sectors and permits R&D imports by government or recognised institutions; it also revises HS code treatment to allow qualified jewellers to import via a recognised bullion exchange, expanding import access beyond nominated agencies.
Notifications Customs
Show AI Summary
Concessional import duties on specified edible oils extended, preserving customs and AIDC exemptions to support supply and affordability.
Notification No. 02/2024 amends Notifications Nos. 48/2021 and 49/2021 to extend the concessional import duty treatment and the exemption from the Agriculture Infrastructure and Development Cess for specified edible oils, preserving customs duty relief for listed soybean, palm and sunflower oil categories to maintain lower import costs and supply continuity.
Notifications Customs
Show AI Summary
Export duty on molasses imposed to secure domestic supply for ethanol blending and reduce fuel import reliance.
A 50% export duty has been added to the Second Schedule of the Customs Tariff Act, effective January 18, 2024, using the government's urgent power to levy export duties, to restrict molasses exports and increase domestic supply for ethanol production and to address sugar shortages and fuel-import dependence.
Act Rules Customs
Show AI Summary
Anti-dumping duties protect domestic industry by allowing provisional and retrospective measures and circumvention checks on dumped imports.
Anti-dumping duties under the Customs Tariff Act, 1975 define anti-dumping duties, margin of dumping, export price and normal value, and set methods to determine dumping when direct comparisons are infeasible. The statute provides anti-circumvention and duty-absorption rules, permits provisional duties based on preliminary findings and retrospective duties in certain large cases, and allows conditional exemptions for consignments to export-oriented units and special economic zones.
Notifications Customs
Show AI Summary
Anti-dumping duty continuation on Meta Phenylene Diamine from China preserves domestic industry protection under sunset review recommendation.
Continuation of anti-dumping duty on Meta Phenylene Diamine from China follows a sunset review finding continued dumping and injury to the domestic industry; the government imposed differentiated per-metric-ton duties on a named Chinese producer and other exporters, including imports from other countries exported via China, to be levied for a five-year period unless earlier revoked, superseded or amended and payable in Indian currency.
Notifications Central Excise
Show AI Summary
Special Additional Excise Duty reduction may lower government revenues and influence fuel pricing and consumption.
Notification No. 03/2024 amends Notification No. 18/2022 by reducing the Special Additional Excise Duty on production of petroleum crude, directly altering the statutory excise rate and thereby affecting government excise revenue, oil company margins and pricing incentives, potential consumer fuel prices given other tax and market factors, and environmental consumption incentives.
Case Laws IBC
Show AI Summary
Wrongful invocation of bank guarantees not upheld where arbitration covers claims; liquidator may refile under insolvency law.
The appellate tribunal found the liquidator's claims, including allegations of wrongful invocation of bank guarantees, were encompassed by pending arbitration and upheld deletion of the concessionaire from the insolvency-era causative-misconduct application, while permitting the liquidator to file a fresh insolvency application should subsequent arbitration facts necessitate separate action.
Case Laws Customs
Show AI Summary
Provisional assessment compliance: non-deliberate document delays without revenue impact warrant nominal penalties under provisional assessment rules.
The tribunal examined Regulation 5 penalties for delayed document submission under the Customs (Provisional Duty Assessment) Regulations, noting absence of mala fide conduct and no revenue implication. Emphasizing proportionality, the tribunal treated non-deliberate, revenue-neutral delays as warranting a nominal sanction rather than the maximum prescribed penalty, balancing enforcement of document-submission requirements with the factual context of compliance.
Case Laws Income Tax
Show AI Summary
Co-operative bank classification: licensing requirement determines cooperative societies' tax deduction eligibility under section 80P provisions.
Eligibility for deduction under Section 80P depends on whether a cooperative society qualifies as a co-operative bank, which in turn requires evaluation of statutory definitions and the regulatory requirement of licensing under the Banking Regulation Act read with the NABARD Act and state cooperative laws; classification hinges on regulatory status and banking activity rather than merely providing credit to members.
Case Laws GST
Show AI Summary
GST impact on government contracts: administrative review required to address tax liabilities and update contract pricing.
Applicability of GST to government contracts where SOR and BOQ were not updated, creating additional tax liabilities; responsibility for incorporating the new tax regime into contract pricing and the administrative duty to address resultant tax increments. The court directed a formal representation process and a reasoned administrative decision after departmental consultation, with no coercive action to be taken against the petitioner pending resolution.
Case Laws Income Tax
Show AI Summary
Interpretation of Section 153C limits third party assessment timelines to when seized materials reach the Assessing Officer.
The Supreme Court held that, for third parties found via search and seizure, the period for which returns must be filed is measured from the date seized materials are forwarded to the relevant Assessing Officer rather than from the date of the original search. The Court read Sections 153A and 153C to avoid unduly prejudicing uninvolved third parties and to prevent excessive record-retention and procedural burden, endorsing a fair, plain-language construction aligned with legislative intent.
Case Laws Income Tax
Show AI Summary
DIN compliance: omission of Document Identification Number can render tax orders procedurally noncompliant under CBDT Circular.
The dispute focuses on whether omission of the Document Identification Number (DIN) from a substantive tax order, despite issuance of an intimation letter containing the DIN, renders the communication noncompliant with CBDT Circular No.19/2019; the Tribunal treated a DIN-less order as deficient, rejected the revenue's rectification attempts and allowed relief to the assessee, while the High Court found no substantial question of law warranting interference, underscoring strict procedural adherence in tax communications.
Case Laws PMLA
Show AI Summary
Arrest Procedure: strict compliance with statutory grounds required to validate arrests and remand under anti-money-laundering law.
The validity of arrests and remand hinges on recording and furnishing written reasons for belief in the arrested person's involvement and transparent communication of grounds; remand courts must apply independent mind and cannot cure constitutional infirmities arising from defective arrests, and investigative conduct suggesting arbitrariness or abuse of process undermines lawful custody.
Case Laws GST
Show AI Summary
Intent to evade tax determines whether e way bill cancellations warrant seizure measures or minor breach penalties under GST.
Applicability of detention and seizure provisions under the GST regime turns on the presence of intent to evade tax; where such intent is absent, the statutory scheme contemplates treatment as a minor breach subject to lighter penal consequences. Authorities must assess whether e way bill irregularities reflect inadvertent or excusable circumstances warranting penalties for non compliance rather than initiation of measures reserved for deliberate tax evasion.

TMI Notes

Back

All TMI Notes

Showing Results for :
Reset Filters
No Records Found

TMI Notes

Back

All TMI Notes

Contractual Reimbursement of Incremental GST on Works Contracts and the Statutory-Contractual Divide

19 September, 2026

Contents
Acts
Plus +
Summary
Note

Note

-

Bookmark

Print

Print

This is a neutral professional article. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court.

2026 (7) TMI 519 - KARNATAKA HIGH COURT

At a Glance

  • The obligation of a works contractor to discharge GST is determined under the applicable GST statute. The separate question whether the employer must bear or reimburse an incremental GST burden is governed by the contract between the contractor and the employer.
  • A contractual clause stating that quoted rates are "inclusive of sales and other taxes" is materially relevant. It may affect whether the contractor assumed the risk of a subsequent tax incidence, subject to the construction of the agreement as a whole.
  • For contracts spanning the transition to GST, a contract-wise reconciliation of pre-GST and post-GST work may be commercially and legally relevant. It does not, however, authorise alteration of statutory return, assessment, interest, penalty or limitation requirements.
  • The reimbursement direction in 2026 (7) TMI 519 - KARNATAKA HIGH COURT is confined to the concerned employer. Tax authorities cannot be directed in a contractual reimbursement dispute to permit revised returns contrary to statute or to waive statutory interest, penalty or limitation.
  • Where the contract supports a tax-adjustment mechanism, a supplementary agreement may document the revised GST-inclusive value. Reimbursement is not automatic merely because GST becomes payable; it depends upon the contractual allocation of tax risk and the resulting computation.

Background & Context

Works contracts that continued across the commencement of the GST regime gave rise to a recurring commercial dispute: the contractor remained statutorily liable to pay GST on taxable supplies, but the tendered price or schedule of rates may have been formulated under the earlier indirect-tax structure. Contractors consequently sought recovery of the additional or differential tax burden from government departments and other employers.

The dispute considered in 2026 (7) TMI 519 - KARNATAKA HIGH COURT concerned works or composite-supply contracts arranged in three broad settings: contracts tendered and executed before the GST transition; tenders issued before the transition but agreements entered thereafter using the earlier schedule of rates; and tenders issued after the transition but based on the earlier schedule of rates. The agreements placed before the court expressly stipulated that the contractor's quoted rates would be deemed to be "inclusive of sales and other taxes".

The contractors contended that the earlier schedule of rates did not factor central, State or integrated GST and that the GST levy created an incremental burden. The employer-side position, in substance, was that reimbursement could not be directed against the State generally and that the contractual terms controlled the allocation of the claimed amount.

The decision draws a necessary boundary between two legal relationships. The tax relationship is between the taxable person and the statutory tax administration. The reimbursement relationship is between the contracting parties. The first is controlled by the GST enactments; the second depends on contractual rights and obligations. Treating a contractual adjustment claim as though it modified the statutory GST framework is the central error corrected by the appellate decision.

Key Issues / Provisions

Works contract and composite supply

Section 2 of the Central Goods and Services Tax Act, 2017 defines a "works contract" in section 2(119) as a contract for specified activities concerning immovable property "wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract". This definition identifies the statutory character of the underlying transaction; it does not itself determine which contracting party must ultimately absorb a tax-cost increase.

The same provision defines "composite supply" in section 2(30) as two or more taxable supplies, naturally bundled and supplied together in the ordinary course of business, one of which is a principal supply. "Consideration" in section 2(31) includes payment made or to be made "in respect of, in response to, or for the inducement of" a supply. These definitions matter because the contractual price, tax treatment and claimed adjustment must correspond to the actual supply and consideration structure.

Statutory levy and the person liable to pay

Section 9 of the Central Goods and Services Tax Act, 2017 provides in section 9(1) that central tax is levied on intra-State supplies, on the value determined under section 15, at notified rates, and "shall be paid by the taxable person". The provision establishes the statutory incidence and payment liability. It does not, by its own force, transfer the economic burden of GST to an employer under a works contract.

That distinction is decisive. A contractor may be liable to discharge GST as the taxable person, while its claim to recover the corresponding amount from the employer still requires an enforceable contractual basis, such as a tax-variation clause, change-in-law clause, price-adjustment provision, tender clarification, letter of award, or subsequent agreement.

Value of supply and additional contractual consideration

Section 15 of the Central Goods and Services Tax Act, 2017 states in section 15(1) that the value of supply is ordinarily the "transaction value", namely the price actually paid or payable where supplier and recipient are unrelated and price is the sole consideration. Section 15(2) includes, among other matters, an amount which the supplier is liable to pay in relation to the supply but which is incurred by the recipient and not included in the price actually paid or payable.

Accordingly, if a contractual reconciliation validly produces an additional sum payable by the employer for the supply, the parties must separately examine the GST consequences of that revised consideration under the statutory scheme. But valuation consequences cannot be assumed merely from a reimbursement demand; they follow from the true contractual entitlement and the applicable GST provisions.

Detailed Analysis

The governing distinction: statutory liability is not contractual reimbursement

In 2026 (7) TMI 519 - KARNATAKA HIGH COURT, the court held that entitlement to reimbursement of incremental tax paid or payable due to GST is "strictly a matter" between the contractors and their respective employers. The contract cannot alter the statutory scheme governing levy, assessment, recovery and enforcement of GST. The contractor's liability under the relevant GST enactment must therefore be determined strictly under statute, irrespective of the employer's reimbursement obligation.

The court consequently construed the reimbursement direction as operating only against the concerned employer, and not against tax authorities. It set aside the impugned directions insofar as they were directed to tax authorities or the State. More specifically, directions that would permit revised returns contrary to statute, or waive statutory limitation, interest or penalty, were held unsustainable. The practical result is carefully confined: a contractual tax-adjustment claim may survive for determination against the employer, but it cannot generate an exemption from statutory GST compliance.

Contract interpretation remains the starting point

The phrase "inclusive of sales and other taxes" was expressly present in the agreements considered in the appellate decision. Such wording is not inconsequential. It requires examination of whether the parties intended the quoted price to be all-inclusive notwithstanding future changes in tax burden, or whether other contractual material preserves a right to adjustment for a post-bid tax change.

The inquiry is necessarily document-specific. The agreement, bid conditions, schedules of rates, addenda, clarifications, letter of award, tax clauses and amendment provisions must be read harmoniously. A general inclusive-tax clause may have to be reconciled with a specific clause that permits equitable adjustment on a change in law. Conversely, a demand founded only on the fact that GST became payable cannot displace an unqualified contractual allocation of tax risk.

Contract-wise methodology as a reconciliation tool

The earlier decision in 2023 (6) TMI 93 - KARNATAKA HIGH COURT adopted a structured methodology for transitional works contracts. It contemplated identification of work executed and payments received under the earlier tax regime; determination of balance work undertaken after GST commencement; derivation of material and earlier-tax components; deduction of KVAT and service-tax components where applicable; addition of applicable GST; and set-off of eligible input tax credit against output GST for contractors assessed under regular VAT. The tax difference was then to be calculated contract-wise.

That methodology remains useful as a factual and commercial means of arriving at a revised GST-inclusive work value. It also recognises that a tax component is not necessarily a contractor's profit element. However, after the appellate ruling, the methodology cannot be understood as authority for judicially altering statutory GST procedures. Its relevance is confined to determining the inter se contractual adjustment between contractor and employer, subject to the contract and the applicable statutory framework.

The earlier decision also contemplated a supplementary agreement where the revised GST-inclusive value of the balance work exceeded the original agreement value, with reimbursement or recovery following the computation. A supplementary agreement is therefore an appropriate instrument where the parties agree that a contractual adjustment is due. It should record the basis of segregation, tax components excluded, GST applied, input-tax-credit treatment where relevant, revised value and the consequent payment adjustment.

Comparison with express tax-adjustment clauses

In 2023 (7) TMI 1292 - JHARKHAND HIGH COURT, reimbursement followed from the construction of an amended contractual clause, a pre-bid clarification and the letter of award. The expressions "affected transactions", "in totality" and "equitable adjustment" were held to cover the GST impact on all affected transactions, including indirect or bought-out items. The employer could not revive an exclusion that the amended clause had deleted. The authority illustrates that explicit contractual language may establish a broad reimbursement obligation despite general tax-risk disputes.

That decision also applied the change-in-law principle under section 64A of the Sale of Goods Act, 1930 in relation to the supply contract before it. Its utility in a works-contract dispute is contextual rather than automatic: entitlement must still arise from the governing contract and the nature of the transaction. Under the appellate decision, such contractual analysis cannot become a basis for directions that modify GST administration.

In 2023 (8) TMI 1531 - KARNATAKA HIGH COURT, the court directed reimbursement in a post-GST contract where the contractor had completed the work and the department had not acted on the representation. The decision demonstrates that, where the contractual setting and factual basis support recovery of the GST component, mandamus may be granted against the employer. Its application is necessarily subject to the appellate clarification that the direction runs against the employer alone and not the tax administration.

In 2019 (8) TMI 858 - MADRAS HIGH COURT, an ongoing pre-GST works contract was dealt with through a mechanism that estimated subsumed taxes, deducted that component from the original contracted value, added applicable GST and contemplated a supplemental agreement. The authority supports the proposition that a transitional contract need not be treated as having a permanently frozen value where the governing adjustment mechanism requires tax reconciliation. It does not dispense with the need to establish that the relevant contractual or administrative mechanism applies to the particular contract.

Practical Implications

  • Contractors should segregate the claim into work performed before and after the GST transition and avoid presenting the full contract value as a single undifferentiated GST claim.
  • Employers should examine the exact tax clause before accepting or rejecting reimbursement. Particular attention is required where the tender rate is described as inclusive of taxes, but other clauses provide for variation, equitable adjustment or change in law.
  • A claim computation should identify the original agreed value, earlier-tax components, applicable GST on the post-transition component, eligible input tax credit where relevant, amounts already paid, and the net differential claimed or recoverable.
  • Where adjustment is contractually justified, parties should document it through a supplementary agreement or other authorised contractual instrument. The revised value should be clearly identified as GST-inclusive or otherwise, as the case may be.
  • GST returns, amendments, interest, penalty and limitation must be addressed under the relevant statute. A contractual reimbursement proceeding does not create a separate route for statutory relaxation.
  • Representations and pleadings should seek relief from the contracting employer with precision. A request to compel tax authorities to administer GST contrary to statutory requirements is inconsistent with the appellate ruling.

Key Takeaways

Incremental GST on a works contract raises two distinct questions that must not be conflated. The first is the contractor's statutory tax liability, which arises and is administered under the GST enactments. The second is the economic incidence of that liability as between contractor and employer, which turns on the contract.

2026 (7) TMI 519 - KARNATAKA HIGH COURT confirms that courts may confine a reimbursement direction to the employer where the contract supports such a claim, but cannot use that dispute to revise the statutory GST regime or waive statutory interest, penalty or limitation. The earlier transitional decisions remain relevant for disciplined, contract-wise computation and for recognising express tax-adjustment clauses. Their use must, however, be consistent with the appellate boundary between contractual reimbursement and statutory tax administration.

 


Full Text:

2026 (7) TMI 519 - KARNATAKA HIGH COURT

Topics

Acts Income Tax