Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Bad debt deduction is allowable where the assessee has written off the dues in its accounts as irrecoverable; under the amended law, further proof that the debt had actually become irrecoverable is not required, and the Tribunal deleted the disallowance by following T.R.F. Ltd. Estimated business expense disallowance based on fixed percentages of transportation and vehicle-related es, without comparable material or a reasoned basis, was held arbitrary and unsustainable; the 10% addition was deleted. The assessee's appeal was allowed.
Bad debt deduction is allowable where the assessee has written off the dues in its accounts as irrecoverable; under the amended law, further proof that the debt had actually become irrecoverable is not required, and the Tribunal deleted the disallowance by following T.R.F. Ltd. Estimated business expense disallowance based on fixed percentages of transportation and vehicle-related es, without comparable material or a reasoned basis, was held arbitrary and unsustainable; the 10% addition was deleted. The assessee's appeal was allowed.
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