Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Hybrid seed production on leased agricultural land was treated as agricultural income because the assessee had exclusive use and beneficial control of the land, supervised cultivation, bore the cultivation risk, and owned the produce; use of technical methods did not change the agricultural character, so the addition as business income was deleted. Trade creditors for professional and compliance expenses were held outside section 68 because they were not loan credits and were later paid through banking channels, so that addition was deleted. Balance differences in creditor confirmations were not taxable under section 69C or section 41(1) absent proof of remission or cessation of liability, so that addition was also deleted.
Hybrid seed production on leased agricultural land was treated as agricultural income because the assessee had exclusive use and beneficial control of the land, supervised cultivation, bore the cultivation risk, and owned the produce; use of technical methods did not change the agricultural character, so the addition as business income was deleted. Trade creditors for professional and compliance expenses were held outside section 68 because they were not loan credits and were later paid through banking channels, so that addition was deleted. Balance differences in creditor confirmations were not taxable under section 69C or section 41(1) absent proof of remission or cessation of liability, so that addition was also deleted.
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