Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
The High Court held that the appellant is entitled to the benefit of the Amnesty Scheme, 2020 for settlement of tax arrears for the assessment year 2015-16 and for the assessment years 1998-99 to 2004-05. The court emphasized that the appellant should receive the benefit of the method of computation of the Amnesty amount as per the Scheme. The court considered the pendency of a Review Petition and interim orders staying recovery proceedings as relevant factors. The payments made by the appellant during the litigation were deemed provisional and subject to the final outcome. The appeals were disposed of by setting aside previous judgments, quashing orders and demand notices, and declaring the liability of the appellant as settled under the Amnesty Scheme, 2020 through a payment of Rs. 3,19,32,523. The petition was disposed of accordingly.
The High Court held that the appellant is entitled to the benefit of the Amnesty Scheme, 2020 for settlement of tax arrears for the assessment year 2015-16 and for the assessment years 1998-99 to 2004-05. The court emphasized that the appellant should receive the benefit of the method of computation of the Amnesty amount as per the Scheme. The court considered the pendency of a Review Petition and interim orders staying recovery proceedings as relevant factors. The payments made by the appellant during the litigation were deemed provisional and subject to the final outcome. The appeals were disposed of by setting aside previous judgments, quashing orders and demand notices, and declaring the liability of the appellant as settled under the Amnesty Scheme, 2020 through a payment of Rs. 3,19,32,523. The petition was disposed of accordingly.
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