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 partially allowed the appeal, reducing the total disallowance related to labour expenses, subcontractor payments, and purchases. The tribunal held that the entire cash withdrawal of Rs.16.57 crore could not be disallowed due to lack of conclusive proof of misuse, restricting disallowance to 10% (Rs.1.67 crore) on an ad hoc basis. Disallowance of payments to subcontractors was deleted for lack of legally admissible evidence and credible documentary proof. Similarly, disallowance of purchases amounting to Rs.17.84 crore was set aside due to insufficient evidence of bogus transactions, procedural deficiencies notwithstanding. Regarding payments to alleged bogus subcontractors, the tribunal noted inconsistencies in the assessee's defense and AO's approach, upholding only a 10% ad hoc disallowance for potential accommodation entries. Overall, the ITAT balanced revenue's concerns and assessee's evidence, sustaining limited disallowances while deleting the bulk of additions.
The ITAT partially allowed the appeal, reducing the total disallowance related to labour expenses, subcontractor payments, and purchases. The tribunal held that the entire cash withdrawal of Rs.16.57 crore could not be disallowed due to lack of conclusive proof of misuse, restricting disallowance to 10% (Rs.1.67 crore) on an ad hoc basis. Disallowance of payments to subcontractors was deleted for lack of legally admissible evidence and credible documentary proof. Similarly, disallowance of purchases amounting to Rs.17.84 crore was set aside due to insufficient evidence of bogus transactions, procedural deficiencies notwithstanding. Regarding payments to alleged bogus subcontractors, the tribunal noted inconsistencies in the assessee's defense and AO's approach, upholding only a 10% ad hoc disallowance for potential accommodation entries. Overall, the ITAT balanced revenue's concerns and assessee's evidence, sustaining limited disallowances while deleting the bulk of additions.
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