Condonation of Delay: Tribunal directed condonation where rectification proceedings were pursued, ordering merits adjudication after opportunity to be...
Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
The note addresses tax treatment of compensation paid under the BSNL VRS-2019 scheme, stating that such VRS compensation qualifies for statutory exemption under the applicable VRS exemption provision (subject to relevant rules), and that where the exemption claim was filed before the appellate authority the compensation is not taxable. The operative effect is that the taxpayer is entitled to refund of tax deducted at source on the VRS payment. Procedural details are limited to noting admission of appeals and the appellate determination of exemption and refund entitlement.
The note addresses tax treatment of compensation paid under the BSNL VRS-2019 scheme, stating that such VRS compensation qualifies for statutory exemption under the applicable VRS exemption provision (subject to relevant rules), and that where the exemption claim was filed before the appellate authority the compensation is not taxable. The operative effect is that the taxpayer is entitled to refund of tax deducted at source on the VRS payment. Procedural details are limited to noting admission of appeals and the appellate determination of exemption and refund entitlement.
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