Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
Authorization requirements for customs brokers and benami shipping bills: tribunal upholds licence revocation and penalties after COVID time limit fou...
Eligibility for notification exemption on imported fertilizers challenged; penalty, interest and confiscation set aside after voluntary payment and no...
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Leave encashment exemption under the income tax provisions was restricted by the assessing officer on the basis that the employer was not a Central or State government; however a subsequent CBDT notification raised the permissible limit. The Tribunal found the AO erred by limiting the exemption to a lower amount and directed grant of the full claimed leave encashment exemption since it falls within the enhanced limit, allowing the assessee's appeal.
Leave encashment exemption under the income tax provisions was restricted by the assessing officer on the basis that the employer was not a Central or State government; however a subsequent CBDT notification raised the permissible limit. The Tribunal found the AO erred by limiting the exemption to a lower amount and directed grant of the full claimed leave encashment exemption since it falls within the enhanced limit, allowing the assessee's appeal.
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