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...
Disallowance under s.14A r/w r.8D was examined where the taxpayer had made a suo motu disallowance against exempt income. Since r.8D is not automatic, the AO could invoke it only after examining the taxpayer's accounts and recording satisfaction under s.14A(2) that the taxpayer's claim was incorrect; a mere remark that the disallowance was "very low" did not meet this statutory requirement. Applying this mandatory satisfaction test, as reiterated in Maxopp, the r.8D-based incremental disallowance was held bad in law and deleted, restricting disallowance to the taxpayer's suo motu amount; the appeal was allowed. - ITAT
Disallowance under s.14A r/w r.8D was examined where the taxpayer had made a suo motu disallowance against exempt income. Since r.8D is not automatic, the AO could invoke it only after examining the taxpayer's accounts and recording satisfaction under s.14A(2) that the taxpayer's claim was incorrect; a mere remark that the disallowance was "very low" did not meet this statutory requirement. Applying this mandatory satisfaction test, as reiterated in Maxopp, the r.8D-based incremental disallowance was held bad in law and deleted, restricting disallowance to the taxpayer's suo motu amount; the appeal was allowed. - ITAT
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