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...
Assessment u/s 153A - The ITAT Mumbai's rulings reaffirm the principle that the additions under Sections 68, 69C, and disallowances under Section 14A require a concrete basis either in the form of incriminating materials found during the search or through clear evidence of unexplained cash credits or expenditures. Moreover, it highlighted the necessity for the Revenue to establish the lack of genuineness or creditworthiness beyond mere suspicions or procedural oversights
Assessment u/s 153A - The ITAT Mumbai's rulings reaffirm the principle that the additions under Sections 68, 69C, and disallowances under Section 14A require a concrete basis either in the form of incriminating materials found during the search or through clear evidence of unexplained cash credits or expenditures. Moreover, it highlighted the necessity for the Revenue to establish the lack of genuineness or creditworthiness beyond mere suspicions or procedural oversights
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