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...
E-commerce business - Selling at a price lower than the cost price - unless certain provisions such as Section 145(3)are invoked, the AO is not empowered to go beyond the book results - there is no provision by which the Revenue can ignore the sale price declared and proceed to enhance the sale price without any material before him to show that the Assessee has in fact realized higher sale price - addition deleted
E-commerce business - Selling at a price lower than the cost price - unless certain provisions such as Section 145(3)are invoked, the AO is not empowered to go beyond the book results - there is no provision by which the Revenue can ignore the sale price declared and proceed to enhance the sale price without any material before him to show that the Assessee has in fact realized higher sale price - addition deleted
Note: It is a system-generated summary and is for quick reference only.
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