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...
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Allegations of coercive GST recovery during search failed where panchnamas, the written undertaking and recorded answers showed the taxpayer admitted the liability, agreed to pay after temporary registration, and stated the statement was made without pressure or threat; prolonged silence without complaint also undermined the coercion plea. FORM GST DRC-04 issued later was treated as mere acknowledgment of voluntary payment, with no prescribed time limit and no prejudice shown. Refund was unavailable because the tax, interest and penalty had been voluntarily discharged on the basis of search material, and refund lies only where tax was not payable or was paid in excess.
Allegations of coercive GST recovery during search failed where panchnamas, the written undertaking and recorded answers showed the taxpayer admitted the liability, agreed to pay after temporary registration, and stated the statement was made without pressure or threat; prolonged silence without complaint also undermined the coercion plea. FORM GST DRC-04 issued later was treated as mere acknowledgment of voluntary payment, with no prescribed time limit and no prejudice shown. Refund was unavailable because the tax, interest and penalty had been voluntarily discharged on the basis of search material, and refund lies only where tax was not payable or was paid in excess.
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