Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Revision under section 263 is not warranted where the Assessing Officer has made specific enquiries, examined supporting documents, permissions and valuation details, and taken a view on a trust's advance to a specified person. The assessment was therefore not erroneous and prejudicial to the interests of the Revenue merely because the revisional authority wanted a further or different examination. The text further notes that the alleged charitable trust violation did not justify revision because the record showed full and proper enquiry into the transaction, so the revisional order was set aside.
Revision under section 263 is not warranted where the Assessing Officer has made specific enquiries, examined supporting documents, permissions and valuation details, and taken a view on a trust's advance to a specified person. The assessment was therefore not erroneous and prejudicial to the interests of the Revenue merely because the revisional authority wanted a further or different examination. The text further notes that the alleged charitable trust violation did not justify revision because the record showed full and proper enquiry into the transaction, so the revisional order was set aside.
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