Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Page of 4792
Press 'Enter' after typing page number.
461 to 480 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Statutory contributions to the District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) were treated as mandatory incidents of mining operations, because the payments were fixed as a percentage of royalty and non-payment would affect the right to extract coal. On that basis, they were considered part of mining royalty paid in the course or furtherance of business. DMF contribution was nevertheless held not liable to GST because a later clarification treated State-formed DMF trusts as Governmental Authorities eligible for exemption. NMET contribution remained liable to GST, as no similar clarification applied, and the lower ruling was upheld to that extent.
Statutory contributions to the District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) were treated as mandatory incidents of mining operations, because the payments were fixed as a percentage of royalty and non-payment would affect the right to extract coal. On that basis, they were considered part of mining royalty paid in the course or furtherance of business. DMF contribution was nevertheless held not liable to GST because a later clarification treated State-formed DMF trusts as Governmental Authorities eligible for exemption. NMET contribution remained liable to GST, as no similar clarification applied, and the lower ruling was upheld to that extent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
