Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The High Court addressed a challenge to an assessment order u/s GST ASMT-10 due to non-submission of required documents. The assessing officer rejected the petitioner's reply citing lack of reconciliation statements and incomplete submission of relevant invoices. The Court found the rejection unsustainable as the petitioner's reply in Form ASMT-10 was sufficient. However, the petitioner failed to provide all necessary invoices to justify excluding certain expenses from taxable turnover. The Court quashed the order and remanded the matter for reconsideration, allowing the petitioner to submit additional documents to clarify the taxable turnover disparity. The petition was disposed of through remand.
The High Court addressed a challenge to an assessment order u/s GST ASMT-10 due to non-submission of required documents. The assessing officer rejected the petitioner's reply citing lack of reconciliation statements and incomplete submission of relevant invoices. The Court found the rejection unsustainable as the petitioner's reply in Form ASMT-10 was sufficient. However, the petitioner failed to provide all necessary invoices to justify excluding certain expenses from taxable turnover. The Court quashed the order and remanded the matter for reconsideration, allowing the petitioner to submit additional documents to clarify the taxable turnover disparity. The petition was disposed of through remand.
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