Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Recurring annual maintenance charges for optical fibre network usage were treated as revenue expenditure, while upfront connectivity fees were to be amortised on a straight-line basis over the relevant 15-year contractual term, subject to agreement-wise verification. For exempt-income disallowance, own funds in excess of investments and use of borrowed funds for business supported denial of interest disallowance; administrative disallowance was confined to investments yielding exempt income and capped by exempt income earned. The text also notes that broadband network acquisition rights, goodwill arising on amalgamation, and non-compete fee can qualify as depreciable intangible assets, and that appellate authorities may entertain additional claims when facts are already on record.
Recurring annual maintenance charges for optical fibre network usage were treated as revenue expenditure, while upfront connectivity fees were to be amortised on a straight-line basis over the relevant 15-year contractual term, subject to agreement-wise verification. For exempt-income disallowance, own funds in excess of investments and use of borrowed funds for business supported denial of interest disallowance; administrative disallowance was confined to investments yielding exempt income and capped by exempt income earned. The text also notes that broadband network acquisition rights, goodwill arising on amalgamation, and non-compete fee can qualify as depreciable intangible assets, and that appellate authorities may entertain additional claims when facts are already on record.
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