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 quashed reassessment proceedings initiated against a dissolved partnership firm. The Assessing Officer had erroneously issued notice under s.148A(b) and passed order under s.148A(d) in the name of the partnership firm that had been dissolved effective April 1, 2017. The Court held that such proceedings were untenable, particularly since the petitioner had provided all relevant information including the dissolution deed in response to the show cause notice. Following the precedent established in Maruti Suzuki Limited, the Court determined that reassessment notices issued in the name of a non-existent entity cannot be sustained, and accordingly set aside the impugned notice and order.
The HC quashed reassessment proceedings initiated against a dissolved partnership firm. The Assessing Officer had erroneously issued notice under s.148A(b) and passed order under s.148A(d) in the name of the partnership firm that had been dissolved effective April 1, 2017. The Court held that such proceedings were untenable, particularly since the petitioner had provided all relevant information including the dissolution deed in response to the show cause notice. Following the precedent established in Maruti Suzuki Limited, the Court determined that reassessment notices issued in the name of a non-existent entity cannot be sustained, and accordingly set aside the impugned notice and order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
