Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
GST exemption under Notification No. 12/2017 may apply to recovery of amounts under written-off housing loan accounts. As a statutory notification has force of law, its applicability constitutes a pure question of law capable of being raised at the appellate stage. Entry 27 covers services by way of extending loans, while entitlement to exemption for a particular recovery depends on cogent proof that it arose from a written-off housing loan in the relevant financial year. Certified banker's books are admissible as prima facie evidence, but supporting loan write-off records are required. A cross-objection is unnecessary where the respondent has received complete relief and may operate as a reply. Factual applicability remains for determination after consideration of the records.
GST exemption under Notification No. 12/2017 may apply to recovery of amounts under written-off housing loan accounts. As a statutory notification has force of law, its applicability constitutes a pure question of law capable of being raised at the appellate stage. Entry 27 covers services by way of extending loans, while entitlement to exemption for a particular recovery depends on cogent proof that it arose from a written-off housing loan in the relevant financial year. Certified banker's books are admissible as prima facie evidence, but supporting loan write-off records are required. A cross-objection is unnecessary where the respondent has received complete relief and may operate as a reply. Factual applicability remains for determination after consideration of the records.
Note: It is a system-generated summary and is for quick reference only.
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