The Appellate Tribunal upheld the reduction of future interest where the lender failed to disburse the entire sanctioned loan on time. The ruling affirms that tribunals may lower interest rates when lender conduct affects project completion.
The Tribunal held that cash paid for a flat booking was explained through documented bank withdrawals. Unexplained investment addition was therefore deleted.
The Tribunal examined whether royalty and dead rent from mining leases could be taxed as renting of immovable property. It held that grant of mining rights is a sovereign function and not a taxable service.
The Tribunal held that payment of the balance sale consideration without a written extension violates Rule 9(4). Auction sale and sale certificate were therefore declared invalid.
The Tribunal found that indexation was wrongly applied from a later year. It held that long-term capital gains must be computed from the first year the property was held.
The Court held that issuing two interest demands for delay in filing GSTR-3B for the same period amounted to duplication and double taxation, and quashed the second order.
The Court considered a request to permit limited operation of a frozen account for salary payments. It deferred interim relief and directed disclosure of employee details for respondent’s verification.
The Tribunal set aside rejection of charitable registration where activities were not examined on merits. The case underscores that authorities must assess genuineness of activities before denying registration.
SC dismissed the Revenue’s delayed appeal, letting stand the ruling that only the recognised PGP course qualifies for service tax exemption. Other executive and specialised programmes remained taxable.
The Tribunal held that only the recognised PGP course qualified for exemption. Other management programmes were taxable as they were not shown to be recognised by law.
