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...
The HC quashed the reopening under s.147/s.148, holding that the reasons to believe relied upon for reassessment had already been considered by the AO in the original assessment order. The court found no fresh material justifying exercise of the re-assessment jurisdiction and reiterated that the AO cannot review or revisit his earlier assessment to reexamine documents or evidence already placed before him. Consequently the reopening notice and resultant proceedings were set aside and the original assessment upheld in favour of the assessee, with the revenue precluded from initiating reassessment merely to obtain a second look at material previously considered.
The HC quashed the reopening under s.147/s.148, holding that the reasons to believe relied upon for reassessment had already been considered by the AO in the original assessment order. The court found no fresh material justifying exercise of the re-assessment jurisdiction and reiterated that the AO cannot review or revisit his earlier assessment to reexamine documents or evidence already placed before him. Consequently the reopening notice and resultant proceedings were set aside and the original assessment upheld in favour of the assessee, with the revenue precluded from initiating reassessment merely to obtain a second look at material previously considered.
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