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...
HC held that the second Section 148 notice was issued beyond the statutory limitation period of four years from the end of AY 2016-17. The first Section 148 notice was validly issued on 23.06.2021, six days before the extended limitation deadline. However, the subsequent second Section 148 notice was time-barred. Consequently, all proceedings initiated pursuant to the second notice were set aside. The court relied on precedential rulings and statutory interpretations, specifically focusing on procedural time constraints in tax reassessment proceedings. The decision effectively invalidated the subsequent reassessment notice due to non-compliance with prescribed limitation periods.
HC held that the second Section 148 notice was issued beyond the statutory limitation period of four years from the end of AY 2016-17. The first Section 148 notice was validly issued on 23.06.2021, six days before the extended limitation deadline. However, the subsequent second Section 148 notice was time-barred. Consequently, all proceedings initiated pursuant to the second notice were set aside. The court relied on precedential rulings and statutory interpretations, specifically focusing on procedural time constraints in tax reassessment proceedings. The decision effectively invalidated the subsequent reassessment notice due to non-compliance with prescribed limitation periods.
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