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 proceedings u/s. 271(1)(b) - non-compliance with the 3 notices u/s. 142(1) - Delay in late response as per date mentioned in notice - The Tribunal found merit in the assessee's explanations for the delays, considering factors such as difficulties in data retrieval, operational challenges, and lack of technical expertise. It observed that the delays were not intentional but were due to genuine constraints faced by the assessee. - The ITAT noted that while there were delays in responding to the notices, the assessee eventually provided all the required details and participated in the assessment proceedings. - The ITAT held that there was reasonable cause for the delays in compliance and that the penalties were unjustified.
Penalty proceedings u/s. 271(1)(b) - non-compliance with the 3 notices u/s. 142(1) - Delay in late response as per date mentioned in notice - The Tribunal found merit in the assessee's explanations for the delays, considering factors such as difficulties in data retrieval, operational challenges, and lack of technical expertise. It observed that the delays were not intentional but were due to genuine constraints faced by the assessee. - The ITAT noted that while there were delays in responding to the notices, the assessee eventually provided all the required details and participated in the assessment proceedings. - The ITAT held that there was reasonable cause for the delays in compliance and that the penalties were unjustified.
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