Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
Leave Fare Concession claims involving a foreign travel leg are treated as outside the exemption, so employers must deduct tax at source on such payments. The text notes that the Tribunal relied on a Supreme Court ruling that LTC/LFC exemption is not available where the employee's journey includes foreign travel, and found an earlier co-ordinate Bench view based on interim High Court protection inapplicable because no such protecting order existed for the assessee. On that basis, non-deduction was treated as default, and consequential interest was sustained.
Leave Fare Concession claims involving a foreign travel leg are treated as outside the exemption, so employers must deduct tax at source on such payments. The text notes that the Tribunal relied on a Supreme Court ruling that LTC/LFC exemption is not available where the employee's journey includes foreign travel, and found an earlier co-ordinate Bench view based on interim High Court protection inapplicable because no such protecting order existed for the assessee. On that basis, non-deduction was treated as default, and consequential interest was sustained.
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