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...
Cooperative society earned interest and dividend income from investments with cooperative banks and societies, qualifying for deduction u/s 80P(2)(d) to promote cooperative financial activities. Deduction of Rs. 50,000 u/s 80P(2)(c)(ii) allowed as society engaged in activities not specified under 80P(2)(a) or (b). Government grant received under RKVY project for agricultural infrastructure development, credited to joint account with conditions, not taxable income u/s 2(24)(xviii) at time of receipt as per judicial precedents treating restricted grants as capital receipts until utilization. Assessee's appeal allowed by Appellate Tribunal.
Cooperative society earned interest and dividend income from investments with cooperative banks and societies, qualifying for deduction u/s 80P(2)(d) to promote cooperative financial activities. Deduction of Rs. 50,000 u/s 80P(2)(c)(ii) allowed as society engaged in activities not specified under 80P(2)(a) or (b). Government grant received under RKVY project for agricultural infrastructure development, credited to joint account with conditions, not taxable income u/s 2(24)(xviii) at time of receipt as per judicial precedents treating restricted grants as capital receipts until utilization. Assessee's appeal allowed by Appellate Tribunal.
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