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...
ITAT held that the assessee successfully discharged the onus of establishing purchase genuineness by providing comprehensive documentary evidence including invoices, goods receipt notes, transport bills, and weighing bridge slips. Despite some procedural discrepancies and non-response to section 133(6) notices by certain parties, the tribunal affirmed that these factors do not automatically render transactions as bogus. The CIT(A)'s deletion of additions was upheld, and the revenue's appeal was dismissed, reinforcing the principle that mere procedural irregularities cannot invalidate legitimate business transactions when substantive evidence supports their authenticity.
ITAT held that the assessee successfully discharged the onus of establishing purchase genuineness by providing comprehensive documentary evidence including invoices, goods receipt notes, transport bills, and weighing bridge slips. Despite some procedural discrepancies and non-response to section 133(6) notices by certain parties, the tribunal affirmed that these factors do not automatically render transactions as bogus. The CIT(A)'s deletion of additions was upheld, and the revenue's appeal was dismissed, reinforcing the principle that mere procedural irregularities cannot invalidate legitimate business transactions when substantive evidence supports their authenticity.
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