Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Validity of assessment order - Section 25(1) of KVAT Act - when issues of re-assessment are fairly complex and the financial implication resulting from the proposed assessment is substantial as well then the argument that objections filed by petitioner do not warrant hearing, is subjective and R1 could not have assumed that hearing would be nothing but an empty formality - order passed without giving hearing on the objections is set aside
Validity of assessment order - Section 25(1) of KVAT Act - when issues of re-assessment are fairly complex and the financial implication resulting from the proposed assessment is substantial as well then the argument that objections filed by petitioner do not warrant hearing, is subjective and R1 could not have assumed that hearing would be nothing but an empty formality - order passed without giving hearing on the objections is set aside
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