Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
Section 68 additions for share capital, share premium and unsecured loans cannot stand where remand enquiries accept subscriber identity, creditworthiness, genuineness, funding explanations and creditor evidence, including subsequent repayment; the additions were deleted. Industrial incentives, including excise-duty exemption, transport, interest and insurance subsidies, and VAT/CST remission, were characterised by their purpose of promoting North-East industrial development rather than trading profits. They were treated as capital receipts and excluded from normal computation; receipts not constituting income were also excluded from book profit, with specified 2013-14 receipts receiving that treatment.
Section 68 additions for share capital, share premium and unsecured loans cannot stand where remand enquiries accept subscriber identity, creditworthiness, genuineness, funding explanations and creditor evidence, including subsequent repayment; the additions were deleted. Industrial incentives, including excise-duty exemption, transport, interest and insurance subsidies, and VAT/CST remission, were characterised by their purpose of promoting North-East industrial development rather than trading profits. They were treated as capital receipts and excluded from normal computation; receipts not constituting income were also excluded from book profit, with specified 2013-14 receipts receiving that treatment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
