Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
HC held that the tax assessment notices for 2016-17 and 2017-18 were invalid due to procedural non-compliance. The assessment under Section 40 of Assam VAT Act, 2003 was time-barred and lacked substantive legal basis, as the prescribed authority failed to establish 'reason to believe' and did not follow mandatory pre-assessment conditions. Consequently, the HC set aside the assessment orders and consequential demand notices, effectively rendering them legally unsustainable and providing relief to the petitioner.
HC held that the tax assessment notices for 2016-17 and 2017-18 were invalid due to procedural non-compliance. The assessment under Section 40 of Assam VAT Act, 2003 was time-barred and lacked substantive legal basis, as the prescribed authority failed to establish 'reason to believe' and did not follow mandatory pre-assessment conditions. Consequently, the HC set aside the assessment orders and consequential demand notices, effectively rendering them legally unsustainable and providing relief to the petitioner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
