Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Notional income rejected as assessee had recovered project cost from toll, advertisement and rental income, hence no designated return earned. Revenue subsidy disallowed as land was leased, not transferred by Noida. Interest u/s 43B on deep discount bonds allowed on accrual basis. Capital subsidy not to be reduced, no recomputation of depreciation. Claim of depreciation u/s 32 and brought forward depreciation remanded to CIT(A) for adjudication as not adjudicated earlier.
Notional income rejected as assessee had recovered project cost from toll, advertisement and rental income, hence no designated return earned. Revenue subsidy disallowed as land was leased, not transferred by Noida. Interest u/s 43B on deep discount bonds allowed on accrual basis. Capital subsidy not to be reduced, no recomputation of depreciation. Claim of depreciation u/s 32 and brought forward depreciation remanded to CIT(A) for adjudication as not adjudicated earlier.
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