Validity of Faceless assessment if opportunity of personal hearing demanded by Assessee is not granted by AO
Validity of addition sustained on the ground that the signature of the confirming parties were barely visible though address of the confirming parties was available in the confirmation
Addition done on the basis Statement recorded during survey without corroborative evidence is not sustainable
Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021
Interesting Judgement: Profit from the sale of jaggery is not an agricultural income as conversion of sugarcane into jaggery was also not an essential process to make sugarcane marketable.
Activity of assessee for converting gold bricks, biscuits or bars, into jewellery amounted to production or manufacture of a new article and accordingly, qualifies for deduction under section 80-IB.
GST: Plastic latex collection cup is an agricultural implement exclusively used for rubber tapping & so exempt from GST as per Sl. No. 137 of Notification No. 02/2017-Central Tax (Rate), dt. 28-06-2017
Input tax credit is not admissible on Air-conditioning and Cooling System and Ventilation System, as this is blocked credit falling under Section 17(5)(c) CGST Act.
Power of Court to admit additional ground during appeal: Assessee submitted that the additional grounds were legal grounds and go to the root of the matter and all the facts necessary for the adjudication of the grounds were on record.
GST: Input tax credit (ITC) is not available on the detachable sliding and stacking glass partitions and the same is part of immovable property.
DGGI Siliguri Zonal Unit has detected and recovered an amount of Rs. 288.49 crores by way of reversal of inadmissible ITC in supply of goods which are exempt from GST.
