Delayed judgment pronouncement alone does not invalidate Tribunal orders, while rectification cannot reopen evidence or negate confiscation-related pe...
Agricultural-land reinvestment qualifies when transfer consideration precedes replacement purchase, while unexamined claims may be reassessed on escap...
Bona fide public fixed-deposit explanations prevent concealment penalties where unexplained-credit additions lack independent evidence of undisclosed ...
Anti-profiteering computation for construction services must account for GST input tax credit that remained unutilised and was subsequently reversed. The additional credit benefit attributable to eligible homebuyers requires a commensurate reduction in price and must be passed on, including applicable GST, with 18% interest from collection of the excess amount until repayment. Penalty for failure to pass on the benefit does not apply to the relevant period because the penalty provision came into force only after that period ended.
Anti-profiteering computation for construction services must account for GST input tax credit that remained unutilised and was subsequently reversed. The additional credit benefit attributable to eligible homebuyers requires a commensurate reduction in price and must be passed on, including applicable GST, with 18% interest from collection of the excess amount until repayment. Penalty for failure to pass on the benefit does not apply to the relevant period because the penalty provision came into force only after that period ended.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
