Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
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Eligibility of a political party for exemption under s.13A was denied because it failed to substantiate statutory compliance, including timely return filing under s.139(4B), maintenance of audited books, and proper contribution reporting, and evidence showed donations were routed through bogus donors with cash returned after retaining 5-8% commission; exemption was therefore rejected. The addition of entire donations as unexplained cash credits under s.68 was held unsustainable since the receipts were identifiable as donation entries and deeming provisions could not be invoked merely because exemption was denied; the s.68 addition was deleted. However, the party's real income was held to be commission, directed to be assessed at 6% of total contributions as income from other sources under s.56(1). - ITAT
Eligibility of a political party for exemption under s.13A was denied because it failed to substantiate statutory compliance, including timely return filing under s.139(4B), maintenance of audited books, and proper contribution reporting, and evidence showed donations were routed through bogus donors with cash returned after retaining 5-8% commission; exemption was therefore rejected. The addition of entire donations as unexplained cash credits under s.68 was held unsustainable since the receipts were identifiable as donation entries and deeming provisions could not be invoked merely because exemption was denied; the s.68 addition was deleted. However, the party's real income was held to be commission, directed to be assessed at 6% of total contributions as income from other sources under s.56(1). - ITAT
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