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 u/s 263 - The PCIT primarily questioned the claim of deduction under Section 80IC and criticized the AO for allegedly not conducting a thorough examination during the assessment proceedings. However, upon review, the Appellate Tribunal (AT) found that the AO had diligently examined the matter and that the Assessee had provided necessary information and documents to justify the deduction claimed under Section 80IC. The AT concluded that the PCIT's assertions lacked merit and overturned the decision, emphasizing the importance of considering all relevant information before deeming an assessment order as erroneous.
Revision u/s 263 - The PCIT primarily questioned the claim of deduction under Section 80IC and criticized the AO for allegedly not conducting a thorough examination during the assessment proceedings. However, upon review, the Appellate Tribunal (AT) found that the AO had diligently examined the matter and that the Assessee had provided necessary information and documents to justify the deduction claimed under Section 80IC. The AT concluded that the PCIT's assertions lacked merit and overturned the decision, emphasizing the importance of considering all relevant information before deeming an assessment order as erroneous.
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