The Authority held that delivery charges collected from unregistered consumers are exempt from GST when classified as GTA services through issuance of consignment notes. The ruling hinges on recipient liability and statutory interpretation under the CGST Act.
The article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better reflect ability to pay and promote economic justice.
Explains how agricultural income is defined under the Income Tax Act and why it is exempt under Section 10(1). Clarifies judicial safeguards and partial integration rules to prevent misuse.
This analysis explains how bundled obligations in GIS contracts impact revenue timing and profitability. It highlights the importance of accurate performance obligation assessment and disciplined forecasting to avoid financial misstatements and losses.
The High Court confirmed life imprisonment for parents who poisoned their mentally ill daughter, ruling that personal hardship cannot justify murder. The judgment stresses absolute parental responsibility.
Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines whether global income is taxable.
The Tribunal held that reopening beyond three years is impermissible where alleged escaped income is below ₹50 lakh. Since the notice violated Section 151, the reassessment was quashed.
The Tribunal ruled that since the assessment was legally correct when passed, invoking Section 154 after a later Supreme Court decision was impermissible. The addition was consequently deleted.
The Tribunal deleted ₹35.22 lakh added under Section 68 for cash deposits during demonetisation. It held that audited books, recorded cash sales, and sufficient cash balance fully explained the deposits.
Courts differ on whether statutory liens qualify as security interests under the IBC. The issue impacts secured creditor status and liquidation priority.
