Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Profiteering under the GST regime was examined where the respondent demonstrated passing Input Tax Credit benefits to home buyers; verification of vouchers reduced the computed profiteered amount and ultimately showed benefits passed in excess of the computed profiteered sum, satisfying the statutory requirement. On that factual basis the article notes no penalty was imposed because the benefit was transmitted to eligible recipients. It records that interest remains payable under applicable GST rules, directs calculation and payment of interest to recipients, and requires compliance reports to jurisdictional officers and the investigative agency confirming payment and reconciliation of the benefit transfer.
Profiteering under the GST regime was examined where the respondent demonstrated passing Input Tax Credit benefits to home buyers; verification of vouchers reduced the computed profiteered amount and ultimately showed benefits passed in excess of the computed profiteered sum, satisfying the statutory requirement. On that factual basis the article notes no penalty was imposed because the benefit was transmitted to eligible recipients. It records that interest remains payable under applicable GST rules, directs calculation and payment of interest to recipients, and requires compliance reports to jurisdictional officers and the investigative agency confirming payment and reconciliation of the benefit transfer.
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