Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Exemption from GST - Hostel accommodation - residential dwelling for use as residence services or not - The AAR found that the hostel did not qualify as a "residential dwelling." It emphasized the commercial nature of the hostel's operations, noting that the accommodations provided, including ancillary services like food and housekeeping, are more akin to those offered by commercial hotels rather than private residences. - The AAR ruled that the hostel accommodations do not meet the criteria for GST exemption as outlined in the relevant exemption notifications. It was determined that the services provided by the hostel are taxable, as the property does not qualify as a residential dwelling used for residence.
Exemption from GST - Hostel accommodation - residential dwelling for use as residence services or not - The AAR found that the hostel did not qualify as a "residential dwelling." It emphasized the commercial nature of the hostel's operations, noting that the accommodations provided, including ancillary services like food and housekeeping, are more akin to those offered by commercial hotels rather than private residences. - The AAR ruled that the hostel accommodations do not meet the criteria for GST exemption as outlined in the relevant exemption notifications. It was determined that the services provided by the hostel are taxable, as the property does not qualify as a residential dwelling used for residence.
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