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The Hon’ble Bombay High Court in the case of Tata Sons Private Ltd. held that settlement of a foreign arbitral award and withdrawal/suspension of enforcement proceedings by the award-holder pursuant to such settlement does not amount to a “supply”
Transactions recorded in loose slips, carbon copies, rough estimates, or handwritten diaries, note pads, notebooks, etc. be treated as evidence of tax evasion. Author has made a details analysis of such transactions with the help of judicial rulings.
THE HON’BLE GUJARAT HIGH COURT IN THE CASE OF Alfa Tools Pvt. Ltd. V/s Union of India, decided on 6-3-2025
18% GST is applicable on the amount recovered from suppliers for not performing contracts within the stipulated period: AAR
Deduction of nominal amount from employees’ salary for canteen facility would not be considered as ‘supply’: AAR