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An order passed by the Tribunal even one day after the prescribed period of 90 days from the date of hearing causes prejudice to the assessee and is liable to be recalled – ITAT Mumbai

M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

To Download, Shri Kaushik N. Tanna ITA no. 5439 of Mumbai

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Notification No. 74/2018-Central Tax ,dt. 31-12-2018 – Fourteenth amendment to the CGST Rules, 2017

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The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee and not with reference to the amount as per sale deed. Each transferee is a separate income tax entity and the law has to be applied with reference to each transferee as an individual transferee / person – ITAT Delhi

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