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 the claim for Bad Debts written off - Disallowance of settlement expenditure - In the case of bad debts, the Appellate Tribunal (ITAT) partially allowed the appeal, permitting the write-off related to business activities while rejecting the claim related to capital expenditures. Regarding the settlement expenditure, the Tribunal allowed the appeal, recognizing the guarantee given by the assessee as essential for business operations and the payment made to settle the liability as a necessary expense for business continuity.
Disallowance of the claim for Bad Debts written off - Disallowance of settlement expenditure - In the case of bad debts, the Appellate Tribunal (ITAT) partially allowed the appeal, permitting the write-off related to business activities while rejecting the claim related to capital expenditures. Regarding the settlement expenditure, the Tribunal allowed the appeal, recognizing the guarantee given by the assessee as essential for business operations and the payment made to settle the liability as a necessary expense for business continuity.
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