Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Section 142(5) of the CGST Act governs post-GST refund claims for service tax paid under the existing law where the service was not provided. Such claims are to be disposed of under the existing law, with any refundable amount paid in cash subject to unjust enrichment. For a claim arising from cancellation of a flat booking, the relevant-date limitation was treated as inapplicable, so the date of cancellation versus the date of tax payment did not determine entitlement. The time-bar rejection was set aside, and refund with applicable interest was directed within two months.
Section 142(5) of the CGST Act governs post-GST refund claims for service tax paid under the existing law where the service was not provided. Such claims are to be disposed of under the existing law, with any refundable amount paid in cash subject to unjust enrichment. For a claim arising from cancellation of a flat booking, the relevant-date limitation was treated as inapplicable, so the date of cancellation versus the date of tax payment did not determine entitlement. The time-bar rejection was set aside, and refund with applicable interest was directed within two months.
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TaxTMI 
TaxTMI 
