Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
Penalty order - Part-B of the e-way bill was not filled up - intent to evade tax - The High court, referencing a previous judgment, ruled that such technical errors, in the absence of intent to evade tax, should not attract penalties. Consequently, the court quashed the penalty orders against the petitioner, emphasizing that the mistake was merely technical and did not constitute tax evasion.
Penalty order - Part-B of the e-way bill was not filled up - intent to evade tax - The High court, referencing a previous judgment, ruled that such technical errors, in the absence of intent to evade tax, should not attract penalties. Consequently, the court quashed the penalty orders against the petitioner, emphasizing that the mistake was merely technical and did not constitute tax evasion.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
