Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Page of 4786
Press 'Enter' after typing page number.
861 to 880 of 95714 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 4786
Join Channel
TaxTMI 
