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 allowed the Revenue's appeal, set aside the CIT(A)'s order and upheld the assessing officer's addition of unaccounted receipts to the assessee's income arising from villa sales. The Tribunal found the assessee failed to discharge the primary onus to identify persons from whom unaccounted cash was received or to whom such sums were remitted, and did not furnish affidavits or supporting particulars despite specific calls. CIT(A) was held to have ignored material documentary evidence, failed to exercise co-terminus jurisdiction and merely followed a prior assessment without applying mind to the facts; consequently the AO's disallowance was sustained as valid addition to income.
ITAT allowed the Revenue's appeal, set aside the CIT(A)'s order and upheld the assessing officer's addition of unaccounted receipts to the assessee's income arising from villa sales. The Tribunal found the assessee failed to discharge the primary onus to identify persons from whom unaccounted cash was received or to whom such sums were remitted, and did not furnish affidavits or supporting particulars despite specific calls. CIT(A) was held to have ignored material documentary evidence, failed to exercise co-terminus jurisdiction and merely followed a prior assessment without applying mind to the facts; consequently the AO's disallowance was sustained as valid addition to income.
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