The issue was whether income from hybrid seed production on leased land qualifies as agricultural income. The Tribunal held that ownership is not necessary if the assessee exercises control, bears risk, and performs agricultural operations.
The issue involved taxation of intermediary services based on supplier location. The amendment shifts place of supply to recipient location, enabling export benefits and zero-rating.
The issue was identifying the correct transfer pricing method for intercompany transactions. The conclusion holds that TNMM is appropriate where one entity performs routine functions with available comparables.
The issue is how GST can support inclusive growth and economic transformation. The analysis highlights that GST 2.0 reforms will simplify compliance and boost MSME participation.
The issue was denial of export benefits due to place of supply rules for intermediaries. The amendment allows such services to qualify as exports, improving global competitiveness.
The issue involved recovery of input tax credit without initiating action against the supplier. The Court held that coercive recovery should be stayed, emphasizing that authorities must first proceed against the supplier.
The Tribunal upheld cost-to-cost reimbursements for personnel and IT expenses where documentation and business purpose were established. However, advertisement expenses were disallowed due to absence of supporting evidence.
The Tribunal held that TDS credit must be granted in the year in which the related income is assessed, even if it is not reflected in Form 26AS. The case clarifies that timing differences by the deductor cannot deny rightful credit.
The issue was validity of reopening based on approval lacking proper application of mind. The Tribunal held such mechanical approval invalid, rendering the reassessment void.
The Court granted bail noting absence of direct evidence connecting the applicant to the alleged fraudulent firm. The decision highlights that mere allegations without supporting material are insufficient to deny bail.
