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...
Revision u/s 263 by CIT - assessee’ s claim of 100 % exemption of profits u/s 80 IC - Manufactured items - serial no. 5 of the negative list - on account of the clear cut ambiguity in the item mentioned/described against S.No.5, relating both to organic and inorganic chemicals, the assessee is entitled to the benefit of doubt regarding the items sought to be covered under it. - The findings of the Ld. Pr.CIT therefore to the effect that the AO’ s order was erroneous on account of inadequate enquiry having been conducted on the issue of grant of exemption u/s 80 IC of the Act to unit- II of the assessee are accordingly set aside. - AT
Revision u/s 263 by CIT - assessee’ s claim of 100 % exemption of profits u/s 80 IC - Manufactured items - serial no. 5 of the negative list - on account of the clear cut ambiguity in the item mentioned/described against S.No.5, relating both to organic and inorganic chemicals, the assessee is entitled to the benefit of doubt regarding the items sought to be covered under it. - The findings of the Ld. Pr.CIT therefore to the effect that the AO’ s order was erroneous on account of inadequate enquiry having been conducted on the issue of grant of exemption u/s 80 IC of the Act to unit- II of the assessee are accordingly set aside. - AT
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