Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Cancelled GST registration may be restored where the default in filing returns is not shown to be fraudulent, intentional or deliberate, and the taxpayer is willing to clear the outstanding dues. The note records that restoration was treated as justified in such circumstances, subject to determination and payment of the statutory tax dues together with applicable interest and late fee or penalty within the time fixed by the Court. If payment is not made within that period, the request for restoration fails.
Cancelled GST registration may be restored where the default in filing returns is not shown to be fraudulent, intentional or deliberate, and the taxpayer is willing to clear the outstanding dues. The note records that restoration was treated as justified in such circumstances, subject to determination and payment of the statutory tax dues together with applicable interest and late fee or penalty within the time fixed by the Court. If payment is not made within that period, the request for restoration fails.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
