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...
Denial of benefit of lower 22% tax rate u/s 115BAA due to delay in filing Form 10-IC by petitioner. Petitioner filed return of income in ITR-6 form, exercising option for lower rate by computing tax accordingly. HC held that delay in filing Form 10-IC should have been condoned by authorities instead of rejecting on technical grounds, as petitioner substantially exercised option for lower rate evident from return. Impugned order and intimation quashed, matter remanded to re-process return applying Section 115BAA and allow lower 22% rate, exercise to be completed within 12 weeks.
Denial of benefit of lower 22% tax rate u/s 115BAA due to delay in filing Form 10-IC by petitioner. Petitioner filed return of income in ITR-6 form, exercising option for lower rate by computing tax accordingly. HC held that delay in filing Form 10-IC should have been condoned by authorities instead of rejecting on technical grounds, as petitioner substantially exercised option for lower rate evident from return. Impugned order and intimation quashed, matter remanded to re-process return applying Section 115BAA and allow lower 22% rate, exercise to be completed within 12 weeks.
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