Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
ICT@ Schools services were treated as one naturally bundled composite supply, with infrastructure, software, maintenance, teacher training and student instruction forming an integrated education service under the BOOT model. Applying the predominant nature test, the Tribunal held that the ICT platform was only the medium for delivering curriculum-based computer education in schools, so the services fell within the education exemption under the negative list up to 13.05.2016 and continued to be exempt under the amended Mega Exemption Notification thereafter. Because the activities were not taxable during the disputed period, the valuation and abatement objections were academic, and the Revenue's challenge was held not maintainable.
ICT@ Schools services were treated as one naturally bundled composite supply, with infrastructure, software, maintenance, teacher training and student instruction forming an integrated education service under the BOOT model. Applying the predominant nature test, the Tribunal held that the ICT platform was only the medium for delivering curriculum-based computer education in schools, so the services fell within the education exemption under the negative list up to 13.05.2016 and continued to be exempt under the amended Mega Exemption Notification thereafter. Because the activities were not taxable during the disputed period, the valuation and abatement objections were academic, and the Revenue's challenge was held not maintainable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
