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...
Accrual of income - An income from the MOU/lease agreement cannot be said to have accrued or arisen or become legally due to assessee till the time the underlying integral conditions of MOU are fulfilled - taxability of income from proposed lease merely based on book entries de hors its accrual is not sustainable in law when tested on the touchstone of realistic parameters and well established judicial principles
Accrual of income - An income from the MOU/lease agreement cannot be said to have accrued or arisen or become legally due to assessee till the time the underlying integral conditions of MOU are fulfilled - taxability of income from proposed lease merely based on book entries de hors its accrual is not sustainable in law when tested on the touchstone of realistic parameters and well established judicial principles
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