Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
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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.
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