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 upheld that additions under section 69C could not be conclusively determined on the record and remanded the matter to the AO for fresh verification and adjudication. The tribunal accepted that the assessee paid GST, interest and penalty and submitted delivery challans, ledger and bank statements, but found absence of stock registers and incontrovertible proof of physical receipt undermining the claim of genuine purchases. Reliance on a spouse's favourable order and on precedents was rejected as distinguishable. Consequently, the appeal was partly allowed for statistical purposes only, with directions to the AO to examine actual movement of goods, genuineness of purchases and correct tax treatment (including assessment under section 115BBE versus regular business income).
ITAT upheld that additions under section 69C could not be conclusively determined on the record and remanded the matter to the AO for fresh verification and adjudication. The tribunal accepted that the assessee paid GST, interest and penalty and submitted delivery challans, ledger and bank statements, but found absence of stock registers and incontrovertible proof of physical receipt undermining the claim of genuine purchases. Reliance on a spouse's favourable order and on precedents was rejected as distinguishable. Consequently, the appeal was partly allowed for statistical purposes only, with directions to the AO to examine actual movement of goods, genuineness of purchases and correct tax treatment (including assessment under section 115BBE versus regular business income).
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