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...
Addition u/s 41(1) - cessation of liability - In light of the precedent set forth in Sugauli Sugar Works, wherein the Supreme Court clarified that the mere lapse of time or absence of actual cessation in the assessee's books of account does not warrant the addition under section 41(1) of the Income Tax Act, the Tribunal deemed it appropriate to delete the impugned addition.
Addition u/s 41(1) - cessation of liability - In light of the precedent set forth in Sugauli Sugar Works, wherein the Supreme Court clarified that the mere lapse of time or absence of actual cessation in the assessee's books of account does not warrant the addition under section 41(1) of the Income Tax Act, the Tribunal deemed it appropriate to delete the impugned addition.
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