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...
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 
of 4798
Join Channel
TaxTMI 
