Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Levy of tax - non-banking financial services - sundry creditors - GSTR-9C reconciliation statement - The Court found that treating total trade receivables as taxable turnover was erroneous, especially when the issue of non-payment to sundry creditors was raised. It was reasoned that only trade payables, not receivables, should have been considered for tax liability. The impugned order was set aside on this issue, and it was remanded for reconsideration.
Levy of tax - non-banking financial services - sundry creditors - GSTR-9C reconciliation statement - The Court found that treating total trade receivables as taxable turnover was erroneous, especially when the issue of non-payment to sundry creditors was raised. It was reasoned that only trade payables, not receivables, should have been considered for tax liability. The impugned order was set aside on this issue, and it was remanded for reconsideration.
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