Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Notification amends Notification No. 2/2017-Central Tax (Rate) dated 28th June, 2017 by inserting proviso to Explanation clause (ii) exempting supply of agricultural farm produce in packages containing quantity exceeding 25 kilograms or 25 litres from being considered as pre-packaged and labelled under Legal Metrology Act, 2009 and rules thereunder. Amendment comes into force from 15th July, 2024.
Notification amends Notification No. 2/2017-Central Tax (Rate) dated 28th June, 2017 by inserting proviso to Explanation clause (ii) exempting supply of agricultural farm produce in packages containing quantity exceeding 25 kilograms or 25 litres from being considered as pre-packaged and labelled under Legal Metrology Act, 2009 and rules thereunder. Amendment comes into force from 15th July, 2024.
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