Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The HC upheld the ITAT's determination that receipts for freight/logistics support services constituted business income and did not qualify as fees for technical services or fees for included services under the Income-tax Act or under the India-USA DTAA; accordingly, the tax addition treating such receipts as FTS/FIS was deleted. The court further affirmed that the ITAT's prior rulings for the relevant assessment years were not to be disturbed, rejecting Revenue's appeals and leaving the ITAT orders intact. The litigation involved multiple consolidated appeals which the HC dismissed, thereby sustaining the assessee's relief against characterization of logistics receipts as taxable under FTS/FIS.
The HC upheld the ITAT's determination that receipts for freight/logistics support services constituted business income and did not qualify as fees for technical services or fees for included services under the Income-tax Act or under the India-USA DTAA; accordingly, the tax addition treating such receipts as FTS/FIS was deleted. The court further affirmed that the ITAT's prior rulings for the relevant assessment years were not to be disturbed, rejecting Revenue's appeals and leaving the ITAT orders intact. The litigation involved multiple consolidated appeals which the HC dismissed, thereby sustaining the assessee's relief against characterization of logistics receipts as taxable under FTS/FIS.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
