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...
Addition of Undisclosed Income - Just because the statements u/s 132 (4) state that he paid Capitation Fee , it does not mean that it could result in an addition ipso facto as Undisclosed Income without the corroborating material - an addition based on such an unsupported, vague and non-specific admission can not result in a sustainable addition attracting imposition of tax thereon
Addition of Undisclosed Income - Just because the statements u/s 132 (4) state that he paid Capitation Fee , it does not mean that it could result in an addition ipso facto as Undisclosed Income without the corroborating material - an addition based on such an unsupported, vague and non-specific admission can not result in a sustainable addition attracting imposition of tax thereon
Note: It is a system-generated summary and is for quick reference only.
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