Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
Advance ruling application concerning whether hostel accommodation provided by the applicant's tenant qualifies as a residential dwelling and is exempt under Entry 12/12A was held inadmissible because the queries relate to supplies made by the tenant, not supplies by the applicant, and thus fall outside the scope of advance ruling jurisdiction under the statute. The related question on whether in house food is a composite exempt supply was also rejected as dependent on the inadmissible queries. The applicability of case law to the applicant's facts was held outside permissible advance ruling questions, and any precedent evidence would not assist due to non binding provisions; application rejected under procedural admissibility rules.
Advance ruling application concerning whether hostel accommodation provided by the applicant's tenant qualifies as a residential dwelling and is exempt under Entry 12/12A was held inadmissible because the queries relate to supplies made by the tenant, not supplies by the applicant, and thus fall outside the scope of advance ruling jurisdiction under the statute. The related question on whether in house food is a composite exempt supply was also rejected as dependent on the inadmissible queries. The applicability of case law to the applicant's facts was held outside permissible advance ruling questions, and any precedent evidence would not assist due to non binding provisions; application rejected under procedural admissibility rules.
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