Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Departmental GST appeals below the prescribed monetary limit require the Revenue to identify and establish a specified exception to the binding litigation-management policy. A bare assertion that the Commissioner approved an appeal does not establish a case-specific, reasoned exercise of residual discretion or satisfy conditions governing the right of appeal. Maintainability must be determined before tax merits. Without an established exception, an appeal below the threshold is not maintainable and the underlying tax merits are not examined.
Departmental GST appeals below the prescribed monetary limit require the Revenue to identify and establish a specified exception to the binding litigation-management policy. A bare assertion that the Commissioner approved an appeal does not establish a case-specific, reasoned exercise of residual discretion or satisfy conditions governing the right of appeal. Maintainability must be determined before tax merits. Without an established exception, an appeal below the threshold is not maintainable and the underlying tax merits are not examined.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
