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...
Valuation report by registered valuer found flawed and unreliable. Adoption of rate without substantiation or comparable instances. Inconsistency in premium charged from promoters and investors for share allotment in same year. Registered valuer's report made to suit company's interest without corroborative evidence. Assessing Officer rightly calculated negative net worth due to continuous losses. Entire premium taxable as income from other sources. CIT(A)'s order set aside, Assessing Officer's order upheld. Revenue's appeal allowed.
Valuation report by registered valuer found flawed and unreliable. Adoption of rate without substantiation or comparable instances. Inconsistency in premium charged from promoters and investors for share allotment in same year. Registered valuer's report made to suit company's interest without corroborative evidence. Assessing Officer rightly calculated negative net worth due to continuous losses. Entire premium taxable as income from other sources. CIT(A)'s order set aside, Assessing Officer's order upheld. Revenue's appeal allowed.
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