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...
Unexplained cash credit addition rightly deleted as amount credited in sales account and offered as income. Non-genuine purchases addition rightly deleted based on assessee's reconciliation proving purchase and corresponding sale duly recorded. Interest expenses disallowance rightly deleted as assessee had sufficient capital and reserves to give interest-bearing advances.
Unexplained cash credit addition rightly deleted as amount credited in sales account and offered as income. Non-genuine purchases addition rightly deleted based on assessee's reconciliation proving purchase and corresponding sale duly recorded. Interest expenses disallowance rightly deleted as assessee had sufficient capital and reserves to give interest-bearing advances.
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