The court declined to decide intermediary classification and directed the petitioner to pursue remedies before the appellate authority. All issues were kept open for independent adjudication.
The Tribunal set aside orders where the assessee failed to appear and granted another opportunity. It emphasized adherence to natural justice while imposing a cost.
The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportunity of hearing. RBI was directed to reconsider the application afresh.
The Tribunal upheld reopening under Section 147 as Form 26AS reflected substantial contract receipts despite no return being filed. It ruled that such information constitutes valid grounds for belief of income escaping assessment.
The court held that interest cannot be claimed where delay in receiving rent was caused by the landlord’s own inaction. Procedural compliance for withdrawal was found essential.
The Court held that the amendment to Rule 89(5) is clarificatory and applies retrospectively to earlier refund claims. Refund denial was set aside as authorities failed to consider binding legal developments.
The Supreme Court rejected the appeal due to unexplained delay, leaving the High Court ruling intact. The decision confirms that depreciation is allowable where leased assets are used in business.
The court held that leased assets qualify for depreciation since they are used in the course of business. It clarified that physical use by the assessee is not required if leasing generates business income.
The dispute involved jurisdiction of customs authorities to levy IGST on imports. The Court ruled that assessment includes all applicable taxes, rejecting the jurisdiction challenge.
The authority held that arranging transport for employees is a welfare activity, not a business supply. Nominal recovery from employees does not attract GST.
