Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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The ITAT set aside the CIT(A)'s order dismissing the assessee's appeal as not maintainable due to non-payment of advance tax, holding that the statutory requirement under Section 249(4)(b) arises only if the assessee is liable to pay advance tax. Since the assessee claimed no taxable income exceeding the exemption limit and thus no obligation to pay advance tax, the appeal's dismissal on maintainability grounds was improper. The tribunal directed the CIT(A) to adjudicate the appeal on merits. The appeal was allowed for statistical purposes, reinstating the assessee's right to have the substantive issues examined.
The ITAT set aside the CIT(A)'s order dismissing the assessee's appeal as not maintainable due to non-payment of advance tax, holding that the statutory requirement under Section 249(4)(b) arises only if the assessee is liable to pay advance tax. Since the assessee claimed no taxable income exceeding the exemption limit and thus no obligation to pay advance tax, the appeal's dismissal on maintainability grounds was improper. The tribunal directed the CIT(A) to adjudicate the appeal on merits. The appeal was allowed for statistical purposes, reinstating the assessee's right to have the substantive issues examined.
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