Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
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