The Tribunal upheld the deduction of interest expenditure after finding that the loan was utilized wholly for business activities. Once business use was established, the deduction could not be denied merely on technical grounds.
The Tribunal held that housekeeping services used for maintaining telecom equipment and business premises qualify as input services. Credit was allowed as the services were directly connected with the provision of telecommunication output services.
The Tribunal held that a university is substantially financed by the Government only when Government grants exceed 50% of total receipts during the relevant previous year. Since the prescribed threshold was not met, the exemption was denied.
ITAT Ahmedabad held that unsecured loan additions could not be sustained where the assessee furnished confirmations, bank statements, and tax records, and the Revenue failed to establish any cash trail or nexus with alleged accommodation entries.
CESTAT Delhi held that contracts involving execution of work along with use of materials were correctly classifiable as works contract services and upheld the reduced service tax demand.
The Tribunal held that Section 43B cannot be invoked where the assessee has not claimed the GST liability as a deduction. Since the amount was not debited to the profit and loss account, the disallowance was deleted.
The Court granted bail after taking note of the petitioner’s extended incarceration and the lack of criminal antecedents. It held that continued detention was not warranted at that stage.
The Court quashed a GST assessment order passed ex parte and remanded the matter for fresh adjudication, holding that the petitioner should be given another opportunity to present its case.
The Allahabad High Court declared the arrest illegal after noting deficiencies in the arrest memo and the absence of a CBIC-DIN on the grounds of arrest. The petitioner was ordered to be released forthwith.
The Andhra Pradesh High Court held that depositing money into the electronic cash ledger does not discharge GST liability. Tax is treated as paid only when the amount is debited and appropriated to the Government account, making interest payable for the delay.
