Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Validity of assessment order - difference of turnover between P & L account and balance sheet, on the one hand, and GSTR-9, on the other - The High Court Noted that the assessing officer accepted explanations for certain defects raised by the petitioner but failed to apply proper reasoning in addressing others. Identified jurisdictional errors in the determination of tax liabilities, particularly regarding turnover differences and transitional credit. - Matter restored back to AO for reconsideration.
Validity of assessment order - difference of turnover between P & L account and balance sheet, on the one hand, and GSTR-9, on the other - The High Court Noted that the assessing officer accepted explanations for certain defects raised by the petitioner but failed to apply proper reasoning in addressing others. Identified jurisdictional errors in the determination of tax liabilities, particularly regarding turnover differences and transitional credit. - Matter restored back to AO for reconsideration.
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