Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The expression "any expenditure" used in section 37 of the Act cover both "expenses incurred" as well as loss even if the "loss" amount had not gone out of the pocket of the assessee - business losses are deductible under section 37(1) of the Act on the basis of ordinary principles of commercial accounting.... - AT
The expression "any expenditure" used in section 37 of the Act cover both "expenses incurred" as well as loss even if the "loss" amount had not gone out of the pocket of the assessee - business losses are deductible under section 37(1) of the Act on the basis of ordinary principles of commercial accounting.... - AT
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