Since the revised return of income was filed on 19.03.2015 u/s 139(4) of the Act, it was a valid revised return as per the law in force at that time. In such a scenario, the AO ought to have considered the revised return of income for assessing the income of assessee.
Writ Jurisdiction under Article 226 of the Constitution of India Writ Court should not scrutinise an adjudicating authority’s decision itself, by acting as an appellate authority over such order of the authority and substitute the findings of an authority by reappreciating the evidence and material and more particularly the nature of a case like this.
There is no evidence of any construction activity or of the fact that assessee has invested the proceeds in statutory deposits and then spent any proceeds of the sales consideration of two properties he had sold, into the construction over this plot. Thus the property in which part investments of capital gains was done continued to be plot for all purposes and intent, for the assessee in the period when construction was to atleast to be started, if not completed.
Assessment year involved for reopening of assessment is assessment year 2016-2017 and appropriate authority for grant of approval in such case are authorities under Section 151(ii) of Income Tax Act, 1961.
HC held that, when time limit for issuance of order under Section 73(10) of CGST Act for the Financial Year 2017-18 is extended upto September 30, 2023, the only interpretation that can be placed on provisions of Section 73(2) of the CGST Act is that, the SCN can also be issued till September 30, 2023.
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Instructions for Using GSTR-1 Vs GSTR-3B Reconcilation Tool 1. This tool will not work in older versions of Excel but it tested in 2019 version, 2021 Version and in Office 365 Version. 2. Save GSTR-1 and GSTR-3B Final Pdfs in respective folders. 3. Copy the respective folder location(Alt+D) , paste them in respective yellow cells […]
