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...
ITAT ruled invalid reopening of assessment for a religious and charitable trust regarding anonymous Hundi/charity box collections under s.115BBC. AO's belief based on legal interpretation rather than tangible material was insufficient grounds for reopening. Trust's religious-charitable status exempted it from s.115BBC(2) taxation of anonymous donations. ITAT upheld deductions under s.11(1)(a) on gross receipts following SC precedent, and allowed enhanced s.11(2) claims despite Form No.10 deficiencies, citing Gujarat HC's ruling that technical inaccuracies aren't fatal to charitable deduction claims. Resolution specified purposes and earmarked amounts satisfied statutory requirements. Appeal allowed in taxpayer's favor.
ITAT ruled invalid reopening of assessment for a religious and charitable trust regarding anonymous Hundi/charity box collections under s.115BBC. AO's belief based on legal interpretation rather than tangible material was insufficient grounds for reopening. Trust's religious-charitable status exempted it from s.115BBC(2) taxation of anonymous donations. ITAT upheld deductions under s.11(1)(a) on gross receipts following SC precedent, and allowed enhanced s.11(2) claims despite Form No.10 deficiencies, citing Gujarat HC's ruling that technical inaccuracies aren't fatal to charitable deduction claims. Resolution specified purposes and earmarked amounts satisfied statutory requirements. Appeal allowed in taxpayer's favor.
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