CESTAT Blore in the case of Bhuwalka Pipes while allowing the Cenvat credit held that “Perusal of the rental agreement shows that the premises can be used for residential, guesthouse and back office purposes and the appellant have used the same for business purpose only. Thus, the inclusive clause in the definition of input service covers the impugned input service - decided in favor of appellant
Monday, December 16, 2019
ITC allowed on lease rental paid for residential accommodation - CESTAT
CESTAT Blore in the case of Bhuwalka Pipes while allowing the Cenvat credit held that “Perusal of the rental agreement shows that the premises can be used for residential, guesthouse and back office purposes and the appellant have used the same for business purpose only. Thus, the inclusive clause in the definition of input service covers the impugned input service - decided in favor of appellant
Subscribe to:
Post Comments (Atom)
Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA
As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Introduction: ADR’S, GDR’S: These are commonly known as Depository Receipts (‘DR’), a negotiable security issued outside India by a deposi...
-
In the case of "Maya Gopinathan vs Anoop SB 2024 INSC 334," the Hon'ble Supreme Court provided insightful guidance on the de...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
In Standard Castings Private Limited v. ITO , the Hon’ble ITAT Delhi allowed the assessee’s appeal and set aside a demand that had continu...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
The Approving Panel under General Anti-Avoidance Rules (GAAR), in a landmark direction, has characterized the demerger of Digital, Media a...
-
Key Notes: Transfer pricing relates to the pricing of transactions (such as transfer of goods, services, intangibles and funds) that t...
-
If you are an NRI or foreign national and you have a taxable income in India then buck up and get a PAN card. Getting PAN Card in India by...
No comments:
Post a Comment