Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
A paper-form assessment order is treated as duly authenticated...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claims.
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A paper-form assessment order is treated as duly authenticated where it bears the authorised signatory's name, designation, signature, date and Document Identification Number; any procedural defect may also be protected by section 292B. Expenditure on replacement parts for existing plant and machinery is revenue expenditure where no new asset or enduring benefit is established, requiring deletion of the capital disallowance and withdrawal of related depreciation. Documented shop-floor consumables are deductible on consumption. Relief-fund contributions require proof that they were incurred wholly and exclusively for business purposes. Vendor advances for undelivered materials may be written off as business loss where their business nexus is undisputed.
A paper-form assessment order is treated as duly authenticated where it bears the authorised signatory's name, designation, signature, date and Document Identification Number; any procedural defect may also be protected by section 292B. Expenditure on replacement parts for existing plant and machinery is revenue expenditure where no new asset or enduring benefit is established, requiring deletion of the capital disallowance and withdrawal of related depreciation. Documented shop-floor consumables are deductible on consumption. Relief-fund contributions require proof that they were incurred wholly and exclusively for business purposes. Vendor advances for undelivered materials may be written off as business loss where their business nexus is undisputed.
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