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 dismissed the petition challenging a notification dated March 26, 2014, which revoked an earlier approval notification from November 17, 2006, regarding deductions under Section 80IA. The court found no merit in petitioners' contention that CBDT lacked authority to issue the revocation notification. The court declined to address the substantive merits of assessment or reassessment, noting these were factual disputes inappropriate for determination at this stage. While rejecting the challenges to the notification and reassessment notices, the court directed respondents to consider petitioners' representations with due regard to the Empowered Committee meeting minutes from November 11, 2014, without being influenced by the petition's dismissal.
The HC dismissed the petition challenging a notification dated March 26, 2014, which revoked an earlier approval notification from November 17, 2006, regarding deductions under Section 80IA. The court found no merit in petitioners' contention that CBDT lacked authority to issue the revocation notification. The court declined to address the substantive merits of assessment or reassessment, noting these were factual disputes inappropriate for determination at this stage. While rejecting the challenges to the notification and reassessment notices, the court directed respondents to consider petitioners' representations with due regard to the Empowered Committee meeting minutes from November 11, 2014, without being influenced by the petition's dismissal.
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