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...
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...
Excess drawback paid under self-assessed export shipping bills cannot be recovered directly under Section 75A(2) merely because exported goods were subsequently found misclassified. A subsisting self-assessment remains the basis of payment until the proper officer reassesses it under Section 17(4), or follows the Section 18 procedure where applicable, to determine liability. Recovery proceedings initiated without prior reassessment, and consequential revisional and appellate orders, were set aside. Reassessment or other action under Sections 17 and 18 may be pursued where legally permissible.
Excess drawback paid under self-assessed export shipping bills cannot be recovered directly under Section 75A(2) merely because exported goods were subsequently found misclassified. A subsisting self-assessment remains the basis of payment until the proper officer reassesses it under Section 17(4), or follows the Section 18 procedure where applicable, to determine liability. Recovery proceedings initiated without prior reassessment, and consequential revisional and appellate orders, were set aside. Reassessment or other action under Sections 17 and 18 may be pursued where legally permissible.
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