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...
AT determined that M/s RK Emporium is not a shell company, and the absence of Benamidars does not create a presumption of impropriety. Despite suspicious circumstances like bank credits during demonetization, the investigation failed to establish evidence of a benami transaction under Section 2(9)(A) of PBPTA. Consequently, the tribunal set aside the impugned order, lifted the provisional attachment of Rs. 1.12 crore from the appellant's bank account, and allowed the appeal, finding insufficient proof to substantiate claims of a benami property transaction.
AT determined that M/s RK Emporium is not a shell company, and the absence of Benamidars does not create a presumption of impropriety. Despite suspicious circumstances like bank credits during demonetization, the investigation failed to establish evidence of a benami transaction under Section 2(9)(A) of PBPTA. Consequently, the tribunal set aside the impugned order, lifted the provisional attachment of Rs. 1.12 crore from the appellant's bank account, and allowed the appeal, finding insufficient proof to substantiate claims of a benami property transaction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
