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...
Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee
Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
