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 adjudicated a tax penalty case involving deemed rental income for a property. The tribunal found merit in the assessee's contention, noting that a prior tribunal decision for a different assessment year (2013-2014) had already resolved the substantive issue regarding property classification. The tribunal determined that the Assessing Officer's finding about the property unit was inconsistent with previous tribunal rulings. Consequently, the penalty levied under Section 271(1)(c) was deleted, effectively deciding in favor of the assessee by invalidating the penalty based on procedural and substantive legal grounds.
ITAT adjudicated a tax penalty case involving deemed rental income for a property. The tribunal found merit in the assessee's contention, noting that a prior tribunal decision for a different assessment year (2013-2014) had already resolved the substantive issue regarding property classification. The tribunal determined that the Assessing Officer's finding about the property unit was inconsistent with previous tribunal rulings. Consequently, the penalty levied under Section 271(1)(c) was deleted, effectively deciding in favor of the assessee by invalidating the penalty based on procedural and substantive legal grounds.
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