Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
ITAT partly allowed revenue's appeal in tax assessment matter. Regarding addition under section 56(2)(x) for property valuation, ITAT upheld CIT(A)'s deletion following precedent where detailed valuation considered industrial NA land characteristics and stamp duty authority rules. For cash advance on Hundi, ITAT sustained CIT(A)'s deletion finding no evidence that Rs. 26 lakh exceeded documented Rs. 25 lakh loan paid through banking channels. However, ITAT reversed CIT(A) on interest receivable from advances, holding accrued interest must be added to total income since assessee admitted giving loan. For agricultural income classification, ITAT modified CIT(A)'s complete deletion, allowing Rs. 75,000 as reasonable agricultural income from 4.6 hectares but treating balance Rs. 1,01,015 as income from other sources due to insufficient cultivation proof.
ITAT partly allowed revenue's appeal in tax assessment matter. Regarding addition under section 56(2)(x) for property valuation, ITAT upheld CIT(A)'s deletion following precedent where detailed valuation considered industrial NA land characteristics and stamp duty authority rules. For cash advance on Hundi, ITAT sustained CIT(A)'s deletion finding no evidence that Rs. 26 lakh exceeded documented Rs. 25 lakh loan paid through banking channels. However, ITAT reversed CIT(A) on interest receivable from advances, holding accrued interest must be added to total income since assessee admitted giving loan. For agricultural income classification, ITAT modified CIT(A)'s complete deletion, allowing Rs. 75,000 as reasonable agricultural income from 4.6 hectares but treating balance Rs. 1,01,015 as income from other sources due to insufficient cultivation proof.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
