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...
Addition u/s 68 r.w.s. 115BBE - Bogus LTCG - The Tribunal examined the transactions and found that the entire addition made by the Assessing Officer was based on surmises and conjectures. It emphasized that there was no evidence to support the characterization of the transactions as sham or bogus. Referring to precedent and the circumstances of the case, the Tribunal concluded that the addition made by the Assessing Officer was not sustainable.
Addition u/s 68 r.w.s. 115BBE - Bogus LTCG - The Tribunal examined the transactions and found that the entire addition made by the Assessing Officer was based on surmises and conjectures. It emphasized that there was no evidence to support the characterization of the transactions as sham or bogus. Referring to precedent and the circumstances of the case, the Tribunal concluded that the addition made by the Assessing Officer was not sustainable.
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