Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Write-backs of employee benefit provisions are taxable only where the corresponding expenditure was allowed as a deduction in an earlier year; otherwise, taxing the reversal would result in double taxation. Taxability requires giving effect to final appellate treatment of the original provision. Interest on excess refunds under section 234D is consequential and must be recomputed against the final assessment position; where a refund follows the original assessment, the levy may be restricted to the applicable one-month period. Refunds adjusted against outstanding tax demands must first be appropriated towards interest payable under section 244A and then towards principal tax.
Write-backs of employee benefit provisions are taxable only where the corresponding expenditure was allowed as a deduction in an earlier year; otherwise, taxing the reversal would result in double taxation. Taxability requires giving effect to final appellate treatment of the original provision. Interest on excess refunds under section 234D is consequential and must be recomputed against the final assessment position; where a refund follows the original assessment, the levy may be restricted to the applicable one-month period. Refunds adjusted against outstanding tax demands must first be appropriated towards interest payable under section 244A and then towards principal tax.
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