Corrigendum to show cause notice upheld; reopening valid; undervaluation findings set aside; remand for revaluation under Customs Valuation Rules, 200...
Consultation services and out-patient medicines are separate taxable supplies; in-patient supplies remain exempt composite health-care supply under GS...
ITAT upheld the CIT(A)'s determinations largely in favour of the assessee, dismissing the revenue's grounds of appeal. The Tribunal directed the AO to allow TDS credit pro rata to the extent income was recognised in the relevant year, confirmed deletion of additions relating to bogus discounts, post-sales discounts, reverse charge service tax, bad-debts write-offs, provisions for spare parts, obsolescence and various purchase/service disallowances, and allowed specified business expenditures and depreciation claims. ITAT remitted certain accrual entries for AO verification and directed deletion of challenged additions where evidence established expense genuineness or prior taxation, ordering consequential adjustments.
ITAT upheld the CIT(A)'s determinations largely in favour of the assessee, dismissing the revenue's grounds of appeal. The Tribunal directed the AO to allow TDS credit pro rata to the extent income was recognised in the relevant year, confirmed deletion of additions relating to bogus discounts, post-sales discounts, reverse charge service tax, bad-debts write-offs, provisions for spare parts, obsolescence and various purchase/service disallowances, and allowed specified business expenditures and depreciation claims. ITAT remitted certain accrual entries for AO verification and directed deletion of challenged additions where evidence established expense genuineness or prior taxation, ordering consequential adjustments.
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