Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Seized loose sheets, Rojmel, MITI and related digital records were held to have evidentiary value where the Assessing Officer had correlated them with each other and the assessees showed no specific defect or alternative explanation; retraction affidavits by employees did not neutralise the seized material. The Tribunal also rejected the claim that all entries were mere facilitation passes, holding that some reflected the assessees' own unaccounted sales and cash receipts. Profit, however, had to be estimated on a rational basis rather than guesswork: 4% was applied to undisclosed own transactions and cash sales, and 1.5% to facilitation-based transactions in the LLP matter, while 4% was applied to unaccounted cash sales of the trading concerns.
Seized loose sheets, Rojmel, MITI and related digital records were held to have evidentiary value where the Assessing Officer had correlated them with each other and the assessees showed no specific defect or alternative explanation; retraction affidavits by employees did not neutralise the seized material. The Tribunal also rejected the claim that all entries were mere facilitation passes, holding that some reflected the assessees' own unaccounted sales and cash receipts. Profit, however, had to be estimated on a rational basis rather than guesswork: 4% was applied to undisclosed own transactions and cash sales, and 1.5% to facilitation-based transactions in the LLP matter, while 4% was applied to unaccounted cash sales of the trading concerns.
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