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 held that the addition of capital gains to the taxpayer's individual assessment was unsustainable and allowed the appeal. The Tribunal found, on the basis of the will, sale deed and bank receipts, that the immovable property was owned and sold by the taxpayer's HUF and trust, not by the taxpayer in his individual capacity; the tax authority failed to rebut these documentary facts. The Tribunal rejected reliance on the mere mention of the taxpayer's PAN on the sale registration as insufficient to establish individual ownership. Consequently, the capital gains could not be taxed in the taxpayer's hands and the addition was set aside.
ITAT held that the addition of capital gains to the taxpayer's individual assessment was unsustainable and allowed the appeal. The Tribunal found, on the basis of the will, sale deed and bank receipts, that the immovable property was owned and sold by the taxpayer's HUF and trust, not by the taxpayer in his individual capacity; the tax authority failed to rebut these documentary facts. The Tribunal rejected reliance on the mere mention of the taxpayer's PAN on the sale registration as insufficient to establish individual ownership. Consequently, the capital gains could not be taxed in the taxpayer's hands and the addition was set aside.
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