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...
Unified peak credit treatment is described for common seized cash books recording rotating unaccounted cash transactions across a group. The notes state that a single chronological cash ledger should consolidate receipts, payments and related entries, with only the incremental annual peak taxable to avoid double taxation; no separate addition is made in another group entity's hands. They also address validity of notices and reassessment sanctions, stating that prior administrative approval for the notice was on record, no evidence established mechanical sanction, and an unraised factual challenge to approval was not admitted. Seized handwritten and digital cash-book material was treated as attributable to the group because it controlled the premises and correlated the entries with its transactions.
Unified peak credit treatment is described for common seized cash books recording rotating unaccounted cash transactions across a group. The notes state that a single chronological cash ledger should consolidate receipts, payments and related entries, with only the incremental annual peak taxable to avoid double taxation; no separate addition is made in another group entity's hands. They also address validity of notices and reassessment sanctions, stating that prior administrative approval for the notice was on record, no evidence established mechanical sanction, and an unraised factual challenge to approval was not admitted. Seized handwritten and digital cash-book material was treated as attributable to the group because it controlled the premises and correlated the entries with its transactions.
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