https://www.taxtmi.com/highlights?id=75087 Validity of assessment order - difference of turnover between P & L account and balance sheet, on the one hand, and GSTR-9, on the other - The High Court Noted that the assessing officer accepted explanations for certain defects raised by the petitioner but failed to apply proper reasoning in addressing others. Identified jurisdictional errors in the determination of tax liabilities, particularly regarding turnover differences and transitional credit. - Matter restored back to AO for reconsideration. en-us Wed, 21 Feb 2024 07:12:51 +0530 Wed, 21 Feb 2024 07:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75087 Validity of assessment order - difference of turnover between P & L account and balance sheet, on the one hand, and GSTR-9, on the other - The High Court Noted that the assessing officer accepted explanations for certain defects raised by the petitioner but failed to apply proper reasoning in addressing others. Identified jurisdictional errors in the determination of tax liabilities, particularly regarding turnover differences and transitional credit. - Matter restored back to AO for reconsideration. Highlights GST Wed, 21 Feb 2024 07:12:51 +0530 https://www.taxtmi.com/highlights?id=75087