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...
SC upheld the Tribunal's compensation award in a motor accident death claim, restoring Rs. 58,24,000/- for father and Rs. 93,61,000/- for mother against claimed amounts of Rs. 1 crore each. The court endorsed Tribunal's assessment of Rs. 60,000/- monthly income for each deceased parent as reasonable, rejecting appellants' claims of higher earnings (Rs. 25 lakh and Rs. 20 lakh annually). The decision considered business succession limitations, noting that heirs' inexperience could affect future earnings. The court relied on established precedent regarding Income Tax Returns as reliable evidence for income assessment. HC's judgment was overturned for deviating from settled legal principles.
SC upheld the Tribunal's compensation award in a motor accident death claim, restoring Rs. 58,24,000/- for father and Rs. 93,61,000/- for mother against claimed amounts of Rs. 1 crore each. The court endorsed Tribunal's assessment of Rs. 60,000/- monthly income for each deceased parent as reasonable, rejecting appellants' claims of higher earnings (Rs. 25 lakh and Rs. 20 lakh annually). The decision considered business succession limitations, noting that heirs' inexperience could affect future earnings. The court relied on established precedent regarding Income Tax Returns as reliable evidence for income assessment. HC's judgment was overturned for deviating from settled legal principles.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
