Service permanent establishment requires non-auxiliary services, while arm's-length distributor remuneration precludes further profit attribution in I...
Make-available condition excludes standard SaaS subscription receipts where customers receive no independently usable technical knowledge after subscr...
Anonymous donation classification fails where charitable trusts maintain undisputed donor identity records and evidence corpus contributions' intended...
Revised post-survey construction cost estimates, TDR and development rights allocation, and GST impact on project cost under the Percentage of Completion Method depended on detailed factual verification. The text notes that the revised projections were linked to changes in floor plans, phase-wise utilisation of development rights, denial of input tax credit under the revised GST scheme, and consistency of revenue recognition with registered agreements. It records that broad explanations and estimated workings were insufficient, so the revised computation could not be finally accepted without examining the factual foundation. The disputed additions were therefore set aside and the matter was remanded for de novo verification and fresh decision for both assessment years.
Revised post-survey construction cost estimates, TDR and development rights allocation, and GST impact on project cost under the Percentage of Completion Method depended on detailed factual verification. The text notes that the revised projections were linked to changes in floor plans, phase-wise utilisation of development rights, denial of input tax credit under the revised GST scheme, and consistency of revenue recognition with registered agreements. It records that broad explanations and estimated workings were insufficient, so the revised computation could not be finally accepted without examining the factual foundation. The disputed additions were therefore set aside and the matter was remanded for de novo verification and fresh decision for both assessment years.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
