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...
RTGS credits claimed as gold-sale proceeds were treated as a benami transaction because the appellant did not prove a prior business relationship with the remitting entities or independently corroborate invoices, purchase bills, ledgers and stock records. The undisputed cash deposit with the alleged benamidar, subsequent RTGS transfers, timing after demonetisation and bank records supported confirmation of the provisional attachment. Denial of cross-examination did not breach natural justice: no intermediary statement existed, the alleged benamidar had been made available but did not appear, and no actual prejudice was shown. The appeal was dismissed.
RTGS credits claimed as gold-sale proceeds were treated as a benami transaction because the appellant did not prove a prior business relationship with the remitting entities or independently corroborate invoices, purchase bills, ledgers and stock records. The undisputed cash deposit with the alleged benamidar, subsequent RTGS transfers, timing after demonetisation and bank records supported confirmation of the provisional attachment. Denial of cross-examination did not breach natural justice: no intermediary statement existed, the alleged benamidar had been made available but did not appear, and no actual prejudice was shown. The appeal was dismissed.
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