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 quashed the assessment order u/s 143(3) after determining AO's lack of inherent jurisdiction. The Tribunal analyzed the case facts, noting the assessee's nil income return and subsequent notices u/s 143(2) and 142(1). Relying on CBDT Instruction No.1 of 2011 and precedent in Bhagyalaxmi Conclave (P) Ltd., the Tribunal found the AO exceeded jurisdictional limits. The revenue's challenge was unsuccessful, with the HC dismissing a similar appeal involving identical substantial legal questions. Consequently, the Tribunal's order setting aside the AO's assessment was upheld, effectively deciding against the revenue on jurisdictional grounds.
HC quashed the assessment order u/s 143(3) after determining AO's lack of inherent jurisdiction. The Tribunal analyzed the case facts, noting the assessee's nil income return and subsequent notices u/s 143(2) and 142(1). Relying on CBDT Instruction No.1 of 2011 and precedent in Bhagyalaxmi Conclave (P) Ltd., the Tribunal found the AO exceeded jurisdictional limits. The revenue's challenge was unsuccessful, with the HC dismissing a similar appeal involving identical substantial legal questions. Consequently, the Tribunal's order setting aside the AO's assessment was upheld, effectively deciding against the revenue on jurisdictional grounds.
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