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 dominant issue was whether rejection of the taxpayer's application under s. 119(2)(b) for condonation of an eight-minute delay in e-filing the return was legally sustainable, resulting in denial of carry-forward of losses. The record showed the tax audit report was uploaded within time and the taxpayer logged into the portal before midnight, with the return uploaded only eight minutes after the deadline. Given the minimal delay and the disproportionate hardship of disallowing substantial carried-forward losses solely for such marginal default, the delay was required to be condoned and the rejection order could not stand; delay condoned. - HC
The dominant issue was whether rejection of the taxpayer's application under s. 119(2)(b) for condonation of an eight-minute delay in e-filing the return was legally sustainable, resulting in denial of carry-forward of losses. The record showed the tax audit report was uploaded within time and the taxpayer logged into the portal before midnight, with the return uploaded only eight minutes after the deadline. Given the minimal delay and the disproportionate hardship of disallowing substantial carried-forward losses solely for such marginal default, the delay was required to be condoned and the rejection order could not stand; delay condoned. - HC
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