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...
Disallowance of bonus paid to directors u/s 36(1)(ii) - assessee paid a bonus in addition to the remuneration to two of its directors - The revenue contended that bonus payment was a tax avoidance scheme. The tribunal analyzed the law and precedent, ruling in favor of the appellant, citing legitimate compensation grounds. The conversion of limited scrutiny and penalty initiation were considered premature and thus not upheld.
Disallowance of bonus paid to directors u/s 36(1)(ii) - assessee paid a bonus in addition to the remuneration to two of its directors - The revenue contended that bonus payment was a tax avoidance scheme. The tribunal analyzed the law and precedent, ruling in favor of the appellant, citing legitimate compensation grounds. The conversion of limited scrutiny and penalty initiation were considered premature and thus not upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
