News Customs excise and service tax appellate tribunal Mumbai rules “deferred sales tax discharged at net present value remains deductible from transaction value” — excise duty demand quashed where sales tax was never retained as consideration RawlawDecember 14, 20255 min read
News Bombay High Court Holds Sales Tax Incentives for Industries in Backward Areas as Capital Receipts Not Taxable, Clarifies “Purpose Test” Over Form, Enabling Industries to Claim Exemption for Setting Up New Units RawlawJuly 6, 20255 min read
