Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Reopening of assessment u/s 147 was invalid as Assessing Officer (AO) failed to record that assessee did not disclose fully and truly all material facts necessary for assessment. For second round of reassessment on share premium received, reopening was based on change of opinion, which is impermissible. Investigation wing's report alone is insufficient as survey statements lack evidentiary value. Failure to disclose survey details in first reopening does not constitute failure u/s 147. Decided in assessee's favor.
Reopening of assessment u/s 147 was invalid as Assessing Officer (AO) failed to record that assessee did not disclose fully and truly all material facts necessary for assessment. For second round of reassessment on share premium received, reopening was based on change of opinion, which is impermissible. Investigation wing's report alone is insufficient as survey statements lack evidentiary value. Failure to disclose survey details in first reopening does not constitute failure u/s 147. Decided in assessee's favor.
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