The issue was whether authorities can block ITC beyond available balance. The Court held that Rule 86A allows restriction only on existing credit and does not permit negative blocking.
The issue was whether GST demand could stand despite a later order dropping similar liability. The Court set aside the order and remanded the matter for reconsideration. The key takeaway is that overlapping assessments must be properly reconciled.
The dispute concerned enforcement of long-pending tax demands without timely action. The Court held that prolonged inaction by authorities and absence of proof of service violated fairness. It quashed the notice while allowing fresh remedies.
The case examined whether online learning services involve technical services. The Court ruled that the platform only facilitated access to content and did not provide technical services. The decision clarifies tax treatment of digital platforms.
The issue involved reopening based on alleged share transfer through a loan structure. The Court held reassessment invalid as the foundational fact was incorrect.
The issue was cancellation of GST registration for non-filing of returns. The Court held that proceedings may be dropped if pending returns are filed and dues are cleared, allowing restoration of registration.
The case involved reassessment triggered by a search conducted in 2022. The Court ruled that reopening beyond the 10-year statutory limit is not permissible.
The issue was whether mark-to-market gains on forward contracts are taxable before maturity. The Court held that such gains are not taxable as they are not real income until actually realized.
The issue was whether failure to refund investor funds is time-barred. The Court held it is a continuing offence, rejecting the limitation defence. The key takeaway is that non-compliance persists until repayment is made.
The Court quashed the notice as it was based on a factually incorrect audit premise and lacked specific details. It held that vague notices violate natural justice and cannot sustain tax demands.
