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...
Rental receipts from furnished premises were treated as income from house property because the leave and licence arrangement showed a letting for rent with only incidental facilities, not a systematic commercial business of running a centre; GST collected on the rent did not change the tax character, and standard deduction under section 24(a) followed. The claim for interest deduction on borrowings used to acquire another property was not decided on merits because the record lacked key facts on the purpose, use, and income treatment of that property, so the issue was remanded for fresh enquiry.
Rental receipts from furnished premises were treated as income from house property because the leave and licence arrangement showed a letting for rent with only incidental facilities, not a systematic commercial business of running a centre; GST collected on the rent did not change the tax character, and standard deduction under section 24(a) followed. The claim for interest deduction on borrowings used to acquire another property was not decided on merits because the record lacked key facts on the purpose, use, and income treatment of that property, so the issue was remanded for fresh enquiry.
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