PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Reopening of assessment u/s 147 was challenged due to lack of material relating to alleged wrongful IGST refunds for assessment year 2020-21. Disallowable expenditure pertained to financial years 2017-18 and 2018-19, corresponding to assessment years 2018-19 and 2019-20. Petitioner's reply revealed IGST refund issue was concluded in its favor. High Court found reassessment unsustainable due to absence of relevant material for assessment year 2020-21, deciding in favor of assessee.
Reopening of assessment u/s 147 was challenged due to lack of material relating to alleged wrongful IGST refunds for assessment year 2020-21. Disallowable expenditure pertained to financial years 2017-18 and 2018-19, corresponding to assessment years 2018-19 and 2019-20. Petitioner's reply revealed IGST refund issue was concluded in its favor. High Court found reassessment unsustainable due to absence of relevant material for assessment year 2020-21, deciding in favor of assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
