Content ownership determines GST treatment of printed publications: customer-supplied text is a taxable printing service, owned content is exempt good...
Employee recoveries, input tax credit and notice pay recovery under GST: AAR distinguishes taxable supplies from non-taxable perquisites and penalties...
Reopening of assessment challenged on the ground that reasons to believe lacked a live evidentiary link between seized materials and the assessee; the AO relied on statements and a brokers register suggesting a cash on money component and a unit rate, but those documents did not name the co-owner or the assessee. The AOs computation accepted the assessees 30% share, yet the asserted intent to sell the entire plot earlier conflicted with subsequent gift transactions by the co-owner. For lack of independent corroborative material connecting the assessee to the alleged on-money transaction, the impugned notice was quashed.
Reopening of assessment challenged on the ground that reasons to believe lacked a live evidentiary link between seized materials and the assessee; the AO relied on statements and a brokers register suggesting a cash on money component and a unit rate, but those documents did not name the co-owner or the assessee. The AOs computation accepted the assessees 30% share, yet the asserted intent to sell the entire plot earlier conflicted with subsequent gift transactions by the co-owner. For lack of independent corroborative material connecting the assessee to the alleged on-money transaction, the impugned notice was quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
