Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Taxability of cash deposits as unexplained u/s 69A r.w.s. u/s. 115BBE - The Tribunal found that the cash deposits made by the appellant during the demonetization period were unexplained. - Held that the deposits constitute turnover of the appellant's business and taxed them at a rate of 3.5%. - Directed the Assessing Officer to tax the turnover under normal rates instead of under section 115BBE of the Act.
Taxability of cash deposits as unexplained u/s 69A r.w.s. u/s. 115BBE - The Tribunal found that the cash deposits made by the appellant during the demonetization period were unexplained. - Held that the deposits constitute turnover of the appellant's business and taxed them at a rate of 3.5%. - Directed the Assessing Officer to tax the turnover under normal rates instead of under section 115BBE of the Act.
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