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...
The ITAT allowed the assessee's appeals on the following grounds: 1) Regarding exemption u/s 11 for charitable activity, the matter was referred to the AO to examine allowability in view of the SC decision in ACIT vs. Ahmedabad Urban Development Authority on computation of receipts from trade/business. 2) The write-off of non-recoverable amounts from terminated members was allowed as the security deposits were non-refundable and taken into the assessee's corpus, and the dues were already shown as income.
The ITAT allowed the assessee's appeals on the following grounds: 1) Regarding exemption u/s 11 for charitable activity, the matter was referred to the AO to examine allowability in view of the SC decision in ACIT vs. Ahmedabad Urban Development Authority on computation of receipts from trade/business. 2) The write-off of non-recoverable amounts from terminated members was allowed as the security deposits were non-refundable and taken into the assessee's corpus, and the dues were already shown as income.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
