GST CASE LAWS 01.10.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 9 MTS-EIEL (JV), In re Applicable GST rate for sewerage treatment infrastructure works contract as on 01.06.2022 was 12%, as the omission of the concessional rate under Notification 11/2017-CTR operated prospectively from 18.07.2022. [2026] 190 taxmann.com 936 (AAR – RAJASTHAN)… Read More »
Interest on Borrowed Capital and Subsequent Refinancing Eligible for Section 24(b) Deduction Upon Verification Issue Whether interest paid on borrowed funds—and subsequent refinancing thereof—utilised for the acquisition or construction of a house property is allowable as a deduction under Section 24(b), subject to verifying nexus with the property. Whether disallowance under Section 14A, read with… Read More »
Denial of Section 11 Exemption Requires Computing Net Income, Not Taxing Gross Receipts Issue Whether the denial of Section 11 exemption due to non-filing of Form 10BB permits the Assessing Officer to tax the trust’s entire gross receipts without allowing statutory expenditures and properly computing the net taxable income. Facts Assessee Profile: The assessee is… Read More »
Violation of Section 13 Taxes Only Non-Conforming Investment Income at MMR, Not Entire Trust Income Issue Whether a violation of Section 13 of the Income-tax Act, 1961 results in the total forfeiture of Section 11 exemption for the entire income of a charitable trust, or if the denial and application of the maximum marginal rate… Read More »