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...
Reassessment initiated under s.147 based on material emanating from a third-party search was held valid because the statutory preconditions for s.153C were not met, particularly the absence of any satisfaction note by the searched person's AO and its transmission to the assessee's AO; hence the assessee could not compel invocation of s.153C, and the AO's formation of belief was supported by fresh tangible material regarding alleged pre-arranged trades to claim s.10(38) exemption, so the jurisdictional challenge failed. On the s.68 addition treating share sale proceeds as unexplained, the matter was remanded for fresh consideration since the assessee had not discharged onus, yet certain relied-upon external data was not confronted; directions were issued to permit further evidence and require disclosure of the relied material. - ITAT
Reassessment initiated under s.147 based on material emanating from a third-party search was held valid because the statutory preconditions for s.153C were not met, particularly the absence of any satisfaction note by the searched person's AO and its transmission to the assessee's AO; hence the assessee could not compel invocation of s.153C, and the AO's formation of belief was supported by fresh tangible material regarding alleged pre-arranged trades to claim s.10(38) exemption, so the jurisdictional challenge failed. On the s.68 addition treating share sale proceeds as unexplained, the matter was remanded for fresh consideration since the assessee had not discharged onus, yet certain relied-upon external data was not confronted; directions were issued to permit further evidence and require disclosure of the relied material. - ITAT
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