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 reviewed a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
The High Court reviewed a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
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