Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
ITAT upheld one addition and deleted another: the addition under s.69C r.w.s.115BBE relating to unexplained expenditure was sustained against the assessee because seized records bore the statutory presumption under s.292C and the assessee failed to discharge the onus to furnish convincing evidence; conversely the addition under s.40A(3) for cash payment of wages/salary was deleted since the assessee's explanation supported by books of account was disclosed to the Revenue and the books were not rejected under s.145, rendering the addition unjustified.
ITAT upheld one addition and deleted another: the addition under s.69C r.w.s.115BBE relating to unexplained expenditure was sustained against the assessee because seized records bore the statutory presumption under s.292C and the assessee failed to discharge the onus to furnish convincing evidence; conversely the addition under s.40A(3) for cash payment of wages/salary was deleted since the assessee's explanation supported by books of account was disclosed to the Revenue and the books were not rejected under s.145, rendering the addition unjustified.
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