Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
HC allowed the tax assessment petition partially, setting aside the revisional order for tax years 2014-15, 2015-16, and 2016-17, while remanding the matter for fresh assessment for 2017-18. The court found procedural irregularities in the original assessment, specifically noting the Revisional Authority's failure to adequately address legal questions raised and lack of substantive assessment documentation. The remand directs the Assessing Authority to conduct a comprehensive reassessment for the April-June 2017 period in compliance with TVAT Act provisions, ensuring proper evaluation of turnover and potential penalties.
HC allowed the tax assessment petition partially, setting aside the revisional order for tax years 2014-15, 2015-16, and 2016-17, while remanding the matter for fresh assessment for 2017-18. The court found procedural irregularities in the original assessment, specifically noting the Revisional Authority's failure to adequately address legal questions raised and lack of substantive assessment documentation. The remand directs the Assessing Authority to conduct a comprehensive reassessment for the April-June 2017 period in compliance with TVAT Act provisions, ensuring proper evaluation of turnover and potential penalties.
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