Country of Origin Certificates and declared transaction value supported preferential customs exemption where authenticity and invoice prices remained ...
Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
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Composite letting of commercial premises, amenities and permanently embedded fixtures is assessable as income from house property where the ancillary agreements are integral to and co-terminus with the principal leave-and-licence arrangement. The substance of the arrangement and the parties' dominant intention prevail over separate documentation or apportionment of consideration; amenities not independently exploitable remain part of the integrated commercial unit. Such assessment permits the standard deduction for house property income. Interest on a refinanced loan remains deductible where it replaces acquisition-related borrowing, the funds are traceable to property acquisition, and no diversion to a non-qualifying purpose is established, subject to arithmetical verification of utilisation.
Composite letting of commercial premises, amenities and permanently embedded fixtures is assessable as income from house property where the ancillary agreements are integral to and co-terminus with the principal leave-and-licence arrangement. The substance of the arrangement and the parties' dominant intention prevail over separate documentation or apportionment of consideration; amenities not independently exploitable remain part of the integrated commercial unit. Such assessment permits the standard deduction for house property income. Interest on a refinanced loan remains deductible where it replaces acquisition-related borrowing, the funds are traceable to property acquisition, and no diversion to a non-qualifying purpose is established, subject to arithmetical verification of utilisation.
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