Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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Annual IPL franchise fee was treated as revenue expenditure because it only enabled participation for the year and did not create an enduring asset; the Revenue challenge failed. Travel, hospitality and related match-arrangement expenses were sustained as business expenditure, subject only to limited verification of supporting bills. Website development expense was also allowed as revenue in nature. Club membership expenditure used for business meetings and interactions was held allowable under section 37(1). Salary provision under mercantile accounting and bonus paid before the return filing due date were held to be accrued and allowable liabilities, so the disallowance was deleted. The Revenue appeals were dismissed.
Annual IPL franchise fee was treated as revenue expenditure because it only enabled participation for the year and did not create an enduring asset; the Revenue challenge failed. Travel, hospitality and related match-arrangement expenses were sustained as business expenditure, subject only to limited verification of supporting bills. Website development expense was also allowed as revenue in nature. Club membership expenditure used for business meetings and interactions was held allowable under section 37(1). Salary provision under mercantile accounting and bonus paid before the return filing due date were held to be accrued and allowable liabilities, so the disallowance was deleted. The Revenue appeals were dismissed.
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