In this edition, we have analysed the recent judgement of Supreme Court in Abhisar Buildwell Private Limited. This is a welcome judgement keeping since it highlights that completed assesment cannot be opened in absence of incriminating material during the search. There was a great confusion as to the power of Assessing Officer under Section 153A with respect to re-opening of completed assesments especially in a situation where there was no incriminating material. The Supreme Court blesses the rationale of Delhi High Court in Kabul Chawla.
Key Topics:
GST
- THE TWIST TO THE INTERMEDIARY STORY – DELHI HC IN DHARMENDRA JANI
DIRECT TAX
- EFFECT OF INCRIMINATING MATERIAL ON FATE OF COMPLETED ASSESSMENTS – SUPREME COURT IN ABHISAR BUILDWELL PRIVATE LIMITED
SUMMARY OF JUDGEMENTS
- SUMMARY OF GST DECISIONS
- SUMMARY OF IT DECISIONSwiki
