Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
The Tribunal accepted the DGAP report in an anti-profiteering matter concerning construction services and additional input tax credit on the footing that the benefit had already been passed on to home-buyers by commensurate price reduction. After redetermination, the report found excess benefit had been passed to eligible buyers, and the differential amounts with interest due to the two complainants had been paid and acknowledged. As no other home-buyer objected to the report, no surviving basis remained to hold profiteering against the respondent, and no contravention of section 171 was made out.
The Tribunal accepted the DGAP report in an anti-profiteering matter concerning construction services and additional input tax credit on the footing that the benefit had already been passed on to home-buyers by commensurate price reduction. After redetermination, the report found excess benefit had been passed to eligible buyers, and the differential amounts with interest due to the two complainants had been paid and acknowledged. As no other home-buyer objected to the report, no surviving basis remained to hold profiteering against the respondent, and no contravention of section 171 was made out.
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