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 assessee the concessional rate under s.115BAA despite non-filing of Form 10-IC before the return due date, holding the form's filing requirement to be directory rather than mandatory. The Tribunal concluded that procedural lapse alone cannot defeat a substantive statutory benefit and directed the Revenue to grant the concessional tax treatment, noting administrative flexibility reflected in earlier CBDT extensions and Tribunal precedents where similar procedural defaults did not disentitle claimants. Result: appeal allowed in favour of the assessee; Revenue directed to compute tax applying s.115BAA and grant consequential relief.
ITAT allowed the assessee the concessional rate under s.115BAA despite non-filing of Form 10-IC before the return due date, holding the form's filing requirement to be directory rather than mandatory. The Tribunal concluded that procedural lapse alone cannot defeat a substantive statutory benefit and directed the Revenue to grant the concessional tax treatment, noting administrative flexibility reflected in earlier CBDT extensions and Tribunal precedents where similar procedural defaults did not disentitle claimants. Result: appeal allowed in favour of the assessee; Revenue directed to compute tax applying s.115BAA and grant consequential relief.
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