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 allowed the appeal for statistical purposes and remitted the matter to the file of the ld. AO for fresh adjudication on whether the derivative trades satisfy the conditions of Explanations 1 & 2 to s.43(5). The Tribunal noted absence of stamped contract notes and disputed broker account statements, lack of evidence that impounded digital copies contained complete contract notes, and unproduced s.133(6) enquiry results, but also observed consistent prior-year treatment with the same brokers. Given these factual gaps, ITAT directed the AO to examine broker statements/contract notes and other material and decide in accordance with law, treating the remand as in the interests of justice.
ITAT allowed the appeal for statistical purposes and remitted the matter to the file of the ld. AO for fresh adjudication on whether the derivative trades satisfy the conditions of Explanations 1 & 2 to s.43(5). The Tribunal noted absence of stamped contract notes and disputed broker account statements, lack of evidence that impounded digital copies contained complete contract notes, and unproduced s.133(6) enquiry results, but also observed consistent prior-year treatment with the same brokers. Given these factual gaps, ITAT directed the AO to examine broker statements/contract notes and other material and decide in accordance with law, treating the remand as in the interests of justice.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
