Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
KVAT - The clarification issued u/s 59 is different from the clarification or advanced ruling given u/s 60. In the latter case, the ruling of the authority would be binding only on the applicant which seeks such clarification, whereas in the former case (u/s 59), it would be applicable to all registered dealers liable to pay tax. - HC
KVAT - The clarification issued u/s 59 is different from the clarification or advanced ruling given u/s 60. In the latter case, the ruling of the authority would be binding only on the applicant which seeks such clarification, whereas in the former case (u/s 59), it would be applicable to all registered dealers liable to pay tax. - HC
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