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...
Reassessment proceedings validly initiated based on fresh tangible material regarding undeclared capitation fees. Exemption u/s 11 denied as charging capitation fees is against trust's charitable objective. Word 'wholly' in Section 11 akin to 'solely', no scope for partial charitable purposes. ITAT wrongly sustained exemption and relied on ITSC order for other assessment years. HC set aside ITAT order, substantial questions answered in Revenue's favor.
Reassessment proceedings validly initiated based on fresh tangible material regarding undeclared capitation fees. Exemption u/s 11 denied as charging capitation fees is against trust's charitable objective. Word 'wholly' in Section 11 akin to 'solely', no scope for partial charitable purposes. ITAT wrongly sustained exemption and relied on ITSC order for other assessment years. HC set aside ITAT order, substantial questions answered in Revenue's favor.
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