Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
HC ruled that the reassessment proceedings under Section 143(3) were valid despite time limitations. The AO had legitimate reasons to believe income had escaped assessment due to the petitioner's failure to fully disclose material facts regarding MAT exemption. Specifically, the petitioner claimed deductions from a BIFR scheme without proper CBDT authorization, which constituted non-disclosure. The court found the objection regarding time-barred notice involved complex factual and legal issues inappropriate for writ jurisdiction. Consequently, the writ petition was dismissed, upholding the AO's decision to reopen the assessment based on non-disclosure of essential tax-related information.
HC ruled that the reassessment proceedings under Section 143(3) were valid despite time limitations. The AO had legitimate reasons to believe income had escaped assessment due to the petitioner's failure to fully disclose material facts regarding MAT exemption. Specifically, the petitioner claimed deductions from a BIFR scheme without proper CBDT authorization, which constituted non-disclosure. The court found the objection regarding time-barred notice involved complex factual and legal issues inappropriate for writ jurisdiction. Consequently, the writ petition was dismissed, upholding the AO's decision to reopen the assessment based on non-disclosure of essential tax-related information.
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