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...
Payment of remuneration made to a retired partner - assessee contended that AO’s observation to the effect that the clause of the partnership deed creating liability to pay certain amount to the retiring partner is “defeating the intention of the legislature” and thus, the clause supersedes the provisions of the Income–tax Act itself, is not only whimsical, but also fanciful; and that there is no basis for this wide sweeping, but wrong observation - Contention accepted - claim allowed - AT
Payment of remuneration made to a retired partner - assessee contended that AO’s observation to the effect that the clause of the partnership deed creating liability to pay certain amount to the retiring partner is “defeating the intention of the legislature” and thus, the clause supersedes the provisions of the Income–tax Act itself, is not only whimsical, but also fanciful; and that there is no basis for this wide sweeping, but wrong observation - Contention accepted - claim allowed - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
