Karnataka High Court Rules: No GST on Liquidated Damages, Orders ₹5 Crore Refund
Karnataka High Court rules that liquidated damages are compensation, not a service, and not taxable under GST. Court orders ₹5 crore GST refund to assessee.
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Karnataka High Court rules that liquidated damages are compensation, not a service, and not taxable under GST. Court orders ₹5 crore GST refund to assessee.
Bombay High Court rules that reinvesting proceeds from sale of an inherited property into multiple homes qualifies for Section 54 capital gains exemption.
ITAT Bengaluru rules meals, transport & courier expenses are not deductible under Section 48 while computing capital gains on NRI property sales.
Delhi High Court sets aside ₹50 crore tax reassessment against MakeMyTrip, ruling that vague and unreasoned Section 148A notices violate taxpayer rights and natural justice.
Supreme Court rules tenants cannot force landlords to use alternate properties. Eviction upheld for bona fide business need, reinforcing landlord rights.