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...
The HC rejected the petitioner's submissions and held: The issue of alleged cash receipt was not examined during regular assessment proceedings as the information was received after conclusion of assessment. The reopening is based on information under CBDT's Risk Management Strategy, not on the erroneous statement that no return was filed. The approval u/s 151 is not without application of mind as remarks show consideration of material and information. No reason to quash the reopening notices, but petitioner can raise objections in reassessment/appellate proceedings.
The HC rejected the petitioner's submissions and held: The issue of alleged cash receipt was not examined during regular assessment proceedings as the information was received after conclusion of assessment. The reopening is based on information under CBDT's Risk Management Strategy, not on the erroneous statement that no return was filed. The approval u/s 151 is not without application of mind as remarks show consideration of material and information. No reason to quash the reopening notices, but petitioner can raise objections in reassessment/appellate proceedings.
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