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 dismissed the writ petitions and upheld the constitutional validity of the proviso to s.194A(3) of the Income-tax Act as amended by the Finance Act, 2020. The court held that a proviso may operate substantively to alter a principal provision where legislative intent so indicates, and that the proviso here legitimately conditions the non-applicability of s.194A(1) on the payer's turnover/gross receipts without manifest arbitrariness or breach of legislative competence or fundamental rights. The petitioners, being primary agricultural credit societies not conducting banking as defined under the Banking Regulation Act, failed to establish entitlement to relief under s.194A(3)(iii). Accordingly, no interference was warranted.
The HC dismissed the writ petitions and upheld the constitutional validity of the proviso to s.194A(3) of the Income-tax Act as amended by the Finance Act, 2020. The court held that a proviso may operate substantively to alter a principal provision where legislative intent so indicates, and that the proviso here legitimately conditions the non-applicability of s.194A(1) on the payer's turnover/gross receipts without manifest arbitrariness or breach of legislative competence or fundamental rights. The petitioners, being primary agricultural credit societies not conducting banking as defined under the Banking Regulation Act, failed to establish entitlement to relief under s.194A(3)(iii). Accordingly, no interference was warranted.
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