Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Rejection of liquor-trade book results is justified where proper books, stock registers, sale bills and supporting vouchers are not maintained, and declared profit is materially below comparable industry margins. Profit from liquor trading may then be estimated at 3% of stock put to use. Advertisement-display receipts earned for permitting liquor-product displays in business premises constitute business receipts and may be separately added where they were excluded from turnover used for profit estimation. The rejection of books, profit estimation and separate addition of advertisement-display receipts were sustained, and the appeal was dismissed.
Rejection of liquor-trade book results is justified where proper books, stock registers, sale bills and supporting vouchers are not maintained, and declared profit is materially below comparable industry margins. Profit from liquor trading may then be estimated at 3% of stock put to use. Advertisement-display receipts earned for permitting liquor-product displays in business premises constitute business receipts and may be separately added where they were excluded from turnover used for profit estimation. The rejection of books, profit estimation and separate addition of advertisement-display receipts were sustained, and the appeal was dismissed.
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