Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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Petitioner's revenue from an Indian payer was not subjected to tax deduction at source, despite being taxable income in India. The assessing officer reopened assessment u/s 147, contending the live feed component was taxable as royalty and rejecting the 95:5 bifurcation of license fee between live feed and recorded content. Following the Delhi High Court's decision in CIT v. Fox Network Group, the court found no justification for the reassessment action. The assessing officer's view rejecting the 95:5 bifurcation was rendered perverse in light of the agreement's stipulations. Consequently, the court allowed the writ petitions and quashed the order u/s 148A(d).
Petitioner's revenue from an Indian payer was not subjected to tax deduction at source, despite being taxable income in India. The assessing officer reopened assessment u/s 147, contending the live feed component was taxable as royalty and rejecting the 95:5 bifurcation of license fee between live feed and recorded content. Following the Delhi High Court's decision in CIT v. Fox Network Group, the court found no justification for the reassessment action. The assessing officer's view rejecting the 95:5 bifurcation was rendered perverse in light of the agreement's stipulations. Consequently, the court allowed the writ petitions and quashed the order u/s 148A(d).
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