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...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Depreciation on goodwill arising from amalgamation remained allowable because the claim had consistently been accepted in the taxpayer's earlier assessment years and no material factual change was shown. The Revenue's reliance on a decision involving artificial and colourable creation of goodwill was distinguishable, with no comparable finding here. Deduction of employee stock option reimbursement expenditure was also sustained, as an earlier Tribunal ruling in the taxpayer's own matter had addressed objections on business purpose, capital character and tax deduction at source, and no distinguishing facts were produced. The Revenue's appeal was dismissed.
Depreciation on goodwill arising from amalgamation remained allowable because the claim had consistently been accepted in the taxpayer's earlier assessment years and no material factual change was shown. The Revenue's reliance on a decision involving artificial and colourable creation of goodwill was distinguishable, with no comparable finding here. Deduction of employee stock option reimbursement expenditure was also sustained, as an earlier Tribunal ruling in the taxpayer's own matter had addressed objections on business purpose, capital character and tax deduction at source, and no distinguishing facts were produced. The Revenue's appeal was dismissed.
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