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 remanded the case to AO for further verification on two key issues: (1) the genuineness and effective date of a key man insurance policy assignment, requiring LIC confirmation of the assignment's validity and documentation; and (2) unexplained cash deposits of Rs. 30 lakhs, directing AO to scrutinize the assessee's claim of cash sourcing by examining withdrawal patterns, household expenses, and marriage-related expenditures. The tribunal allowed grounds 2 and 3 of the appeal for statistical purposes, mandating a comprehensive factual assessment by the AO with opportunity for the assessee to provide supplementary documentary evidence supporting the claims.
ITAT remanded the case to AO for further verification on two key issues: (1) the genuineness and effective date of a key man insurance policy assignment, requiring LIC confirmation of the assignment's validity and documentation; and (2) unexplained cash deposits of Rs. 30 lakhs, directing AO to scrutinize the assessee's claim of cash sourcing by examining withdrawal patterns, household expenses, and marriage-related expenditures. The tribunal allowed grounds 2 and 3 of the appeal for statistical purposes, mandating a comprehensive factual assessment by the AO with opportunity for the assessee to provide supplementary documentary evidence supporting the claims.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
