Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Section 62(2) of the GST law provides for deemed withdrawal of a best-judgment assessment when the registered person files the required returns within the prescribed framework; delayed filing requires payment of the applicable late fee. The note records that, following amendment of the provision, delay in filing GSTR-3B may be condoned where the relevant returns and late fee have been furnished. In the described matter, the assessments were treated as deemed withdrawn, and consequential recovery proceedings and attachments of immovable property were rendered ineffective.
Section 62(2) of the GST law provides for deemed withdrawal of a best-judgment assessment when the registered person files the required returns within the prescribed framework; delayed filing requires payment of the applicable late fee. The note records that, following amendment of the provision, delay in filing GSTR-3B may be condoned where the relevant returns and late fee have been furnished. In the described matter, the assessments were treated as deemed withdrawn, and consequential recovery proceedings and attachments of immovable property were rendered ineffective.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
