Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The appellants, as individual co-owners of a jointly owned immovable property, are eligible for service tax exemption individually on rent received from leasing the property. They are entitled to separate threshold exemptions under Notification No. 6/2005-S.T. dated 1-3-2005 and cannot be considered an association of persons for combined service tax recovery. The CESTAT held that co-owners receiving rent individually are eligible for separate threshold exemptions. The appeal was allowed.
The appellants, as individual co-owners of a jointly owned immovable property, are eligible for service tax exemption individually on rent received from leasing the property. They are entitled to separate threshold exemptions under Notification No. 6/2005-S.T. dated 1-3-2005 and cannot be considered an association of persons for combined service tax recovery. The CESTAT held that co-owners receiving rent individually are eligible for separate threshold exemptions. The appeal was allowed.
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