Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s confirmation of a s.154 rectification by the CPC that restored the assessee's claim of exemption under s.10(23D) for income of a SEBI-registered mutual fund. The Tribunal found the rectification merely corrected a schedule mismatch in the original return rather than introduced a fresh claim, and that the CPC's acceptance of the corrected computation rendered the Revenue's challenge unsustainable. The CIT(A) did not exceed jurisdiction in endorsing the rectification and granting consequential relief. Consequently, the statutory exemption under s.10(23D) stands allowed and there is no merit in interfering with the CIT(A)'s order.
The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s confirmation of a s.154 rectification by the CPC that restored the assessee's claim of exemption under s.10(23D) for income of a SEBI-registered mutual fund. The Tribunal found the rectification merely corrected a schedule mismatch in the original return rather than introduced a fresh claim, and that the CPC's acceptance of the corrected computation rendered the Revenue's challenge unsustainable. The CIT(A) did not exceed jurisdiction in endorsing the rectification and granting consequential relief. Consequently, the statutory exemption under s.10(23D) stands allowed and there is no merit in interfering with the CIT(A)'s order.
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