Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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HC determined directors' liability for GST non-compliance, finding Section 107 and 122(1A) of CGST Act applicable. The Court held that directors must be held responsible for fraudulent ITC availing and non-filing of returns, with the caveat that specific individual responsibilities require detailed factual scrutiny. The HC directed the Department to communicate appellate remedies within two weeks, mandating that any appeal filed within 30 days shall be adjudicated on merits without limitation bar. The core issue involves determining which directors retained transactional benefits and their precise organizational roles in potential tax irregularities.
HC determined directors' liability for GST non-compliance, finding Section 107 and 122(1A) of CGST Act applicable. The Court held that directors must be held responsible for fraudulent ITC availing and non-filing of returns, with the caveat that specific individual responsibilities require detailed factual scrutiny. The HC directed the Department to communicate appellate remedies within two weeks, mandating that any appeal filed within 30 days shall be adjudicated on merits without limitation bar. The core issue involves determining which directors retained transactional benefits and their precise organizational roles in potential tax irregularities.
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