Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Reversal of CENVAT credit - Investment in shares - Exempt service or not - The Appellate Tribunal concurred with the appellant's argument that investment activities do not constitute a service. They emphasized that trading in securities does not qualify as a service, let alone an exempted service. Therefore, the demand for tax on investment income was deemed erroneous, and the impugned order was set aside.
Reversal of CENVAT credit - Investment in shares - Exempt service or not - The Appellate Tribunal concurred with the appellant's argument that investment activities do not constitute a service. They emphasized that trading in securities does not qualify as a service, let alone an exempted service. Therefore, the demand for tax on investment income was deemed erroneous, and the impugned order was set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
