Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Reverse charge on royalty for mining rights was held inapplicable where the appellants had not been shown to hold any mining licence or to have paid royalty as licence holders. The Tribunal accepted the explanation that the accounting entry described as royalty represented only the royalty portion withheld in works contract bills until proof of purchase from licensed vendors was furnished, and not consideration for assignment of any right to use natural resources; the service tax demand therefore failed on merits. It further held that the extended period could not be invoked on balance sheet entries alone, without corroborative evidence of suppression or taxable receipt, so the notices were also barred by limitation.
Reverse charge on royalty for mining rights was held inapplicable where the appellants had not been shown to hold any mining licence or to have paid royalty as licence holders. The Tribunal accepted the explanation that the accounting entry described as royalty represented only the royalty portion withheld in works contract bills until proof of purchase from licensed vendors was furnished, and not consideration for assignment of any right to use natural resources; the service tax demand therefore failed on merits. It further held that the extended period could not be invoked on balance sheet entries alone, without corroborative evidence of suppression or taxable receipt, so the notices were also barred by limitation.
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