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...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Intra-group management-fee transfer pricing adjustments cannot be sustained where the issue has consistently been resolved in the taxpayer's favour on materially similar facts in earlier years. Tax refunds from customs and VAT/GST are balance-sheet items rather than income; any return-processing adjustment treating them as income requires factual verification and consequential relief under law. Claimed short credit for tax deducted at source must be verified after giving the taxpayer an opportunity to substantiate the claim. Interest charged under the applicable provisions requires recomputation and a clear section-wise bifurcation to enable verification of its correctness. The management-fee adjustment was deleted, while the remaining matters required verification or recomputation.
Intra-group management-fee transfer pricing adjustments cannot be sustained where the issue has consistently been resolved in the taxpayer's favour on materially similar facts in earlier years. Tax refunds from customs and VAT/GST are balance-sheet items rather than income; any return-processing adjustment treating them as income requires factual verification and consequential relief under law. Claimed short credit for tax deducted at source must be verified after giving the taxpayer an opportunity to substantiate the claim. Interest charged under the applicable provisions requires recomputation and a clear section-wise bifurcation to enable verification of its correctness. The management-fee adjustment was deleted, while the remaining matters required verification or recomputation.
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