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...
Online gaming receipts were held to be taxable only on net winnings, not on a gross figure isolated from the gaming platform data; where BuyIn exceeded winnings, the result was a loss and the addition under section 115BB could not stand. The disallowance of Chapter VI-A deductions and house property interest was not finally decided because the assessee produced an updated return statement and challans for the first time before the Tribunal; the matter required factual verification, and the addition was to be deleted if tax had already been paid on the same amount.
Online gaming receipts were held to be taxable only on net winnings, not on a gross figure isolated from the gaming platform data; where BuyIn exceeded winnings, the result was a loss and the addition under section 115BB could not stand. The disallowance of Chapter VI-A deductions and house property interest was not finally decided because the assessee produced an updated return statement and challans for the first time before the Tribunal; the matter required factual verification, and the addition was to be deleted if tax had already been paid on the same amount.
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