Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
ITAT invalidated reassessment proceedings initiated beyond four years, finding no new substantive evidence to justify reopening. The Tribunal determined that the Assessing Officer's attempt to reopen the case was merely a change of opinion on existing facts, without discovering any fresh information. The assessee had previously disclosed all relevant details during original assessment proceedings, including land sale particulars in audited financial statements. Consequently, the Tribunal quashed the notice under Section 148 and the subsequent reassessment order, thereby allowing the assessee's appeal and rendering the reopening proceedings legally unsustainable.
ITAT invalidated reassessment proceedings initiated beyond four years, finding no new substantive evidence to justify reopening. The Tribunal determined that the Assessing Officer's attempt to reopen the case was merely a change of opinion on existing facts, without discovering any fresh information. The assessee had previously disclosed all relevant details during original assessment proceedings, including land sale particulars in audited financial statements. Consequently, the Tribunal quashed the notice under Section 148 and the subsequent reassessment order, thereby allowing the assessee's appeal and rendering the reopening proceedings legally unsustainable.
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