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 analyzed cash deposit during demonetization, finding no unexplained income. Assessee declared total sales of Rs. 49,03,470/- including cash sales of Rs. 30,25,930/-, with VAT returns matching ITR declarations. Independent VAT authorities confirmed no errors. Cash deposited originated from legitimate sales proceeds existing prior to demonetization announcement. Following precedent in similar cases, ITAT deleted addition under Section 69A, rejecting tax authorities' conjecture of undisclosed income. Tribunal ruled in favor of assessee, holding that taxing same income twice would be improper and unsupported by evidence.
ITAT analyzed cash deposit during demonetization, finding no unexplained income. Assessee declared total sales of Rs. 49,03,470/- including cash sales of Rs. 30,25,930/-, with VAT returns matching ITR declarations. Independent VAT authorities confirmed no errors. Cash deposited originated from legitimate sales proceeds existing prior to demonetization announcement. Following precedent in similar cases, ITAT deleted addition under Section 69A, rejecting tax authorities' conjecture of undisclosed income. Tribunal ruled in favor of assessee, holding that taxing same income twice would be improper and unsupported by evidence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
