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...
Disallowance of interest - diversion of funds for a non-business purpose - owned fund of the assessee as on 31st March 2013 and 31st March 2014 is more than the amount of advances given at a lower rate of interest which is not in dispute - a presumption can be drawn that the assessee has advanced the money to the relatives of the partners out of its fund - no disallowance
Disallowance of interest - diversion of funds for a non-business purpose - owned fund of the assessee as on 31st March 2013 and 31st March 2014 is more than the amount of advances given at a lower rate of interest which is not in dispute - a presumption can be drawn that the assessee has advanced the money to the relatives of the partners out of its fund - no disallowance
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