Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Revision of assessment order - inter-state sales - it is no doubt true that the burden is on the petitioner, u/s 16 of the A.P. VAT Act, to show that the turnover, disclosed in the SCN, includes inter-State sales, exempt sales etc., on which VAT cannot be levied - but demand can-not imposed by authority without calling upon the petitioner to furnish the books of accounts, sales invoices etc - remanded for reconsideration
Revision of assessment order - inter-state sales - it is no doubt true that the burden is on the petitioner, u/s 16 of the A.P. VAT Act, to show that the turnover, disclosed in the SCN, includes inter-State sales, exempt sales etc., on which VAT cannot be levied - but demand can-not imposed by authority without calling upon the petitioner to furnish the books of accounts, sales invoices etc - remanded for reconsideration
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
