Packing-material input credits support inverted-duty refunds for packaged tea, while rate-reduction and concessional-supply circulars remain inapplica...
Government road-restoration services for commercial pipeline work attract reverse-charge GST, while portal-issued proceedings remain valid without a p...
Cash received and subsequently routed through a bank by an assessee acting solely as a mediator in a property transaction between relatives was treated as neither a loan nor a deposit for the cash-acceptance restriction. The intermediary role, supported by documents and evidence, established reasonable cause and attracted statutory protection from penalty. Consequently, the penalty for accepting cash as a loan or deposit was deleted.
Cash received and subsequently routed through a bank by an assessee acting solely as a mediator in a property transaction between relatives was treated as neither a loan nor a deposit for the cash-acceptance restriction. The intermediary role, supported by documents and evidence, established reasonable cause and attracted statutory protection from penalty. Consequently, the penalty for accepting cash as a loan or deposit was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
