Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
HC upheld ITAT's decision rejecting AO's addition u/s 68 and allowing exemption u/s 10(38) for LTCG. The assessee demonstrated legitimate share transactions not appearing in AIR reports for penny stocks. ITAT found AO erred by not considering substantial documentation proving genuine investments, including BSE trading resumption notice for Wagend Infra Venture Limited. The transactions were validated as non-speculative long-term investments, supported by precedent of department accepting similar LTCG claims from assessee's father. CIT(A)'s detailed analysis of documentary evidence was affirmed by ITAT. HC found no substantial question of law warranting interference.
HC upheld ITAT's decision rejecting AO's addition u/s 68 and allowing exemption u/s 10(38) for LTCG. The assessee demonstrated legitimate share transactions not appearing in AIR reports for penny stocks. ITAT found AO erred by not considering substantial documentation proving genuine investments, including BSE trading resumption notice for Wagend Infra Venture Limited. The transactions were validated as non-speculative long-term investments, supported by precedent of department accepting similar LTCG claims from assessee's father. CIT(A)'s detailed analysis of documentary evidence was affirmed by ITAT. HC found no substantial question of law warranting interference.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
