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...
Validity of a reference to the Transfer Pricing Officer was assessed on limitation grounds: the proviso extending assessment time for notices issued on or after 01.04.2019 gave a twelvemonth period, so a notice served 24.02.2020 required completion by 31.03.2021; tolling under pandemic ordinances extended that to 30.06.2021. Approval for reference was recorded on 10.02.2021, but the actual reference reached the TPO only in January 2022. The court concluded the TPO's determination and consequent draft assessment were made without jurisdiction because the reference was not made within the statutory limitation period, rendering the TPO order invalid.
Validity of a reference to the Transfer Pricing Officer was assessed on limitation grounds: the proviso extending assessment time for notices issued on or after 01.04.2019 gave a twelvemonth period, so a notice served 24.02.2020 required completion by 31.03.2021; tolling under pandemic ordinances extended that to 30.06.2021. Approval for reference was recorded on 10.02.2021, but the actual reference reached the TPO only in January 2022. The court concluded the TPO's determination and consequent draft assessment were made without jurisdiction because the reference was not made within the statutory limitation period, rendering the TPO order invalid.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
