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...
The AT upheld the determination that the transactions involving demonetized currency deposits and subsequent transfers constituted benami transactions under Section 2(9) of PBPTA. The Initiating Officer and the Ld. AA provided cogent reasons to believe the arrangements were benami, which the appellant's reliance on contrary judgments failed to undermine. No appeal was filed by the benamidar against the impugned order. Consequently, the property was affirmed as benami, with M/s Shivam Enterprises recognized as the beneficial owner and Sh. AKK as the benamidar. The appeal was dismissed in its entirety.
The AT upheld the determination that the transactions involving demonetized currency deposits and subsequent transfers constituted benami transactions under Section 2(9) of PBPTA. The Initiating Officer and the Ld. AA provided cogent reasons to believe the arrangements were benami, which the appellant's reliance on contrary judgments failed to undermine. No appeal was filed by the benamidar against the impugned order. Consequently, the property was affirmed as benami, with M/s Shivam Enterprises recognized as the beneficial owner and Sh. AKK as the benamidar. The appeal was dismissed in its entirety.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
