Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Addition for alleged non genuine accommodation entries was treated as unexplained money and deleted on appeal after the appellate forum found the assessing officer's reliance on statements and investigative inputs unsustainable; the deletion was accepted by NFAC. Reopening of assessment was held invalid because the reasons relied solely on the Investigation Wing report without independent application of mind by the AO (borrowed satisfaction), so reassessment proceedings were quashed. Reopening beyond the four year period also failed because the assessee had fully and truly disclosed material facts at original assessment, negating the proviso trigger for reassessment.
Addition for alleged non genuine accommodation entries was treated as unexplained money and deleted on appeal after the appellate forum found the assessing officer's reliance on statements and investigative inputs unsustainable; the deletion was accepted by NFAC. Reopening of assessment was held invalid because the reasons relied solely on the Investigation Wing report without independent application of mind by the AO (borrowed satisfaction), so reassessment proceedings were quashed. Reopening beyond the four year period also failed because the assessee had fully and truly disclosed material facts at original assessment, negating the proviso trigger for reassessment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
