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...
AT held that a benami transaction, as defined under the Act, occurred. Noting material inconsistencies in the appellant's pleadings and lacunae in documentary proof - including contradictory dates, evolving averments, illegible bank statements, non-filing of relevant ITRs and bank accounts, and unexplained routing of funds through third parties - the Tribunal concluded that the record did not permit final resolution on whether the attached properties derived from the original benami proceeds. The AT set aside the impugned order and remitted the matter to the Ld. Adjudicating Authority under the PBPT Act for de novo adjudication, directing a fresh hearing and fuller fact-finding on the provenance of funds.
AT held that a benami transaction, as defined under the Act, occurred. Noting material inconsistencies in the appellant's pleadings and lacunae in documentary proof - including contradictory dates, evolving averments, illegible bank statements, non-filing of relevant ITRs and bank accounts, and unexplained routing of funds through third parties - the Tribunal concluded that the record did not permit final resolution on whether the attached properties derived from the original benami proceeds. The AT set aside the impugned order and remitted the matter to the Ld. Adjudicating Authority under the PBPT Act for de novo adjudication, directing a fresh hearing and fuller fact-finding on the provenance of funds.
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