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...
Deduction u/s 80-O - brandishing newspaper cuttings as proof to show 'information concerning commercial knowledge and experience' - The High Court noted that the information consisted primarily of newspaper cuttings, which do not inherently constitute commercial knowledge as required u/s 80-O. - The Court determined that the approval granted by the CCIT for prior assessment years did not extend unconditionally to subsequent years. It was subject to verification by the Assessing Officer (AO) regarding the actual nature of services provided and their compliance with the stipulations of section 80-O.
Deduction u/s 80-O - brandishing newspaper cuttings as proof to show 'information concerning commercial knowledge and experience' - The High Court noted that the information consisted primarily of newspaper cuttings, which do not inherently constitute commercial knowledge as required u/s 80-O. - The Court determined that the approval granted by the CCIT for prior assessment years did not extend unconditionally to subsequent years. It was subject to verification by the Assessing Officer (AO) regarding the actual nature of services provided and their compliance with the stipulations of section 80-O.
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