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 allowed assessee's appeal on three key issues. First, TDS under s.194H not applicable on discounts given to prepaid distributors, following SC ruling in Bharti Cellular Ltd. Second, year-end accrual disallowances under s.40(a)(ia) reversed as provisions were credited back next day with actual bills and TDS deducted where applicable, following Karnataka HC decision in Subex Ltd. Third, club membership fees and subscription charges qualify as revenue expenditure not capital expenditure, following Karnataka HC precedent in Ingersoll-Rand India Ltd. Tribunal deleted all disallowances made by AO and ruled in favor of assessee on all grounds.
ITAT allowed assessee's appeal on three key issues. First, TDS under s.194H not applicable on discounts given to prepaid distributors, following SC ruling in Bharti Cellular Ltd. Second, year-end accrual disallowances under s.40(a)(ia) reversed as provisions were credited back next day with actual bills and TDS deducted where applicable, following Karnataka HC decision in Subex Ltd. Third, club membership fees and subscription charges qualify as revenue expenditure not capital expenditure, following Karnataka HC precedent in Ingersoll-Rand India Ltd. Tribunal deleted all disallowances made by AO and ruled in favor of assessee on all grounds.
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