Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Reopening of assessment on allegation of bogus invoices was held unjustified because ledger entries did not show escaped income and the AO treated Rs.3,67,43,973 as bogus purchase despite it being claimed as a deduction and linked to a later payment of Rs.5,13,02,342 following a DGGI survey. The petitioner was not called upon to explain the alleged bogus GST claim, and the High Court found procedural and substantive defects in the reassessment action. Consequently the notice under reopening and the impugned order were quashed and the writ petition allowed.
Reopening of assessment on allegation of bogus invoices was held unjustified because ledger entries did not show escaped income and the AO treated Rs.3,67,43,973 as bogus purchase despite it being claimed as a deduction and linked to a later payment of Rs.5,13,02,342 following a DGGI survey. The petitioner was not called upon to explain the alleged bogus GST claim, and the High Court found procedural and substantive defects in the reassessment action. Consequently the notice under reopening and the impugned order were quashed and the writ petition allowed.
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