Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
In a post-GST construction-linked property transaction, the Tribunal held that phrases such as construction in the post-GST period and upfront payment of the full price do not require the flat to be fully built at agreement stage or payment to be made in one lump sum. It found that where booking, allotment, contracting, construction and payment all occurred during the GST regime, the pricing already reflected the post-GST ITC position, so no separate input tax credit benefit was claimable by the buyers and no locus existed to challenge the DGAP report on that basis. On the merits, the DGAP comparison showed no incremental ITC gain and therefore no contravention of Section 171 read with Rule 129(6).
In a post-GST construction-linked property transaction, the Tribunal held that phrases such as construction in the post-GST period and upfront payment of the full price do not require the flat to be fully built at agreement stage or payment to be made in one lump sum. It found that where booking, allotment, contracting, construction and payment all occurred during the GST regime, the pricing already reflected the post-GST ITC position, so no separate input tax credit benefit was claimable by the buyers and no locus existed to challenge the DGAP report on that basis. On the merits, the DGAP comparison showed no incremental ITC gain and therefore no contravention of Section 171 read with Rule 129(6).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
