M/S Bright Credits & Real Estates Pvt. … vs State Of Kerala on 9 January, 2025
Kerala High Court M/S Bright Credits & Real Estates Pvt. … vs State Of Kerala on 9 January, 2025 W.P(C).No.2785/2021 & connected cases 1 2025:KER:999 IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE MR.JUSTICE MOHAMMED NIAS C.P. THURSDAY, THE 9th DAY OF JANUARY 2025 / 19TH POUSHA, 1946 WP(C) NO. 2785 OF […]
SC rules in favor of telcos, allows Cenvat credits on infrastructure duties, ET LegalWorld
In a big win for the telecom sector, the Supreme Court Wednesday ruled service providers can claim Cenvat credits on central excise duties paid to buy key telecom infrastructure, such as towers and their components, green shelters, prefabricated buildings (PFBs) and other related materials. Bharti Airtel, Vodafone Idea and Indus Towers stand to benefit from […]
SC grants telecom firms right to claim tax credits on infrastructure duties, ET LegalWorld
In a major development for the telecom industry, the Supreme Court today ruled in favor of telecom companies, affirming their entitlement to claim credit for duties paid on parts such as tower components and green shelters. This decision overturns a previous judgment by the Bombay High Court, which had classified these items as non-capital goods, […]
SC nod to real estate sector to claim input tax credits on construction costs, ET LegalWorld
In a big relief to the real estate sector, the Supreme Court on Thursday allowed the industry to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes. It said that if construction of a building is essential for supplying services like leasing/renting out, it could fall under the ‘plant […]
Omnipresent Credits Private Limited vs Income Tax Officer-Ward 19-1 & Anr. on 20 September, 2024
Delhi High Court Omnipresent Credits Private Limited vs Income Tax Officer-Ward 19-1 & Anr. on 20 September, 2024 Author: Yashwant Varma Bench: Yashwant Varma * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 11 September 2024 Judgment pronounced on: 20 September 2024 + W.P.(C) 2698/2022 ABHINAV JINDAL HUF …..Petitioner Through: […]