Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Exemption from payment of GST - The petitioner only gets centage charges towards the expenditure borne by the petitioner for project implementation. - The High court decided not to interfere with ongoing assessment proceedings regarding the petitioner's liability for GST. The petitioner, a government entity, argued its activities were exempt from GST, supported by specific notifications. The court directed the assessing authority to thoroughly review the petitioner's claims and documents to determine the exemption status. If found exempt, the show cause notice should be dropped.
Exemption from payment of GST - The petitioner only gets centage charges towards the expenditure borne by the petitioner for project implementation. - The High court decided not to interfere with ongoing assessment proceedings regarding the petitioner's liability for GST. The petitioner, a government entity, argued its activities were exempt from GST, supported by specific notifications. The court directed the assessing authority to thoroughly review the petitioner's claims and documents to determine the exemption status. If found exempt, the show cause notice should be dropped.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
