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...
ITAT upheld CIT(A)'s deletion of multiple additions made against the assessee regarding unaccounted money lending, payments, jewellery, and chit fund transactions. The tribunal found that substantive additions were correctly made in M/s Bulland Buildtech Pvt. Ltd.'s hands, not the assessee's. Ancestral jewellery was within CBDT prescribed limits. Personal expenditure was justified from own funds without evidence of undisclosed income. Cash balance of Rs. 1,62,000 was properly declared. Payments related to M/s Bulland Leasing and Finance Ltd. for AY 2007-08 couldn't be added in AY 2011-12. Revenue's appeals were dismissed due to tax effects below monetary limits per CBDT Circular No.17/2019. All grounds raised by revenue were rejected, ruling in assessee's favor.
ITAT upheld CIT(A)'s deletion of multiple additions made against the assessee regarding unaccounted money lending, payments, jewellery, and chit fund transactions. The tribunal found that substantive additions were correctly made in M/s Bulland Buildtech Pvt. Ltd.'s hands, not the assessee's. Ancestral jewellery was within CBDT prescribed limits. Personal expenditure was justified from own funds without evidence of undisclosed income. Cash balance of Rs. 1,62,000 was properly declared. Payments related to M/s Bulland Leasing and Finance Ltd. for AY 2007-08 couldn't be added in AY 2011-12. Revenue's appeals were dismissed due to tax effects below monetary limits per CBDT Circular No.17/2019. All grounds raised by revenue were rejected, ruling in assessee's favor.
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