Addition for Non reconciliation of purchases with GSTR-1 – HC set-aside order 

Green Valliey Industries Limited. Vs Assessment Unit (Calcutta High Court) Whether on account of non reconciliation of purchases reflected by the party in GSTR 1 without supplying necessary details, the assessment order passed u/s 143(3)/144B is sustainable in law? The Division bench of Calcutta high Court in a land mark decision today set aside the assessment order passed u/s 143(3)/144B of the Act where an addition of more than Rs 40 crores was made u/s 69C on the pretext of alleged non reconciliation of purchases from GSTR 1. While passing such order, time of barely 48 hours was given as th...