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...
The Appellate Tribunal considered two main issues: 1. Addition u/s 37(1) - Assessee incurred business loss due to default in property payment, allowed as revenue loss. 2. Non-referral to DVO for property valuation - AO's additions deleted as assessee sold property below stamp valuation, objections ignored. Tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision on both issues. The Tribunal rejected reliance on a non-jurisdictional case cited by the Revenue.
The Appellate Tribunal considered two main issues: 1. Addition u/s 37(1) - Assessee incurred business loss due to default in property payment, allowed as revenue loss. 2. Non-referral to DVO for property valuation - AO's additions deleted as assessee sold property below stamp valuation, objections ignored. Tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision on both issues. The Tribunal rejected reliance on a non-jurisdictional case cited by the Revenue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
