Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Recording clear satisfaction in the assessment order was treated as a jurisdictional requirement before penalty for alleged cash receipts could be initiated; a bare reference to penalty proceedings was insufficient. The alleged contravention also had to be proved transaction-wise with cogent independent evidence identifying the payer, payee, amount, date and threshold breach, and seized data or estimated income alone were not enough in quasi-criminal penalty proceedings. The levy was further found unreasonable where the assessee had disclosed additional income and tax was already paid, so the penalties were deleted for want of jurisdiction and proof.
Recording clear satisfaction in the assessment order was treated as a jurisdictional requirement before penalty for alleged cash receipts could be initiated; a bare reference to penalty proceedings was insufficient. The alleged contravention also had to be proved transaction-wise with cogent independent evidence identifying the payer, payee, amount, date and threshold breach, and seized data or estimated income alone were not enough in quasi-criminal penalty proceedings. The levy was further found unreasonable where the assessee had disclosed additional income and tax was already paid, so the penalties were deleted for want of jurisdiction and proof.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
