Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
A reopening notice issued under section 148 in the name of a company already struck off from the register is invalid because jurisdiction cannot be assumed over a non-existent entity. Participation by an ex-director does not cure the defect, and the consequential reassessment order under section 144 read with section 147 falls with the invalid notice. Section 250 of the Companies Act, 2013 did not assist the Revenue because no subsisting liability or obligation of the struck-off company remained on the date of reopening. The notice and reassessment were quashed.
A reopening notice issued under section 148 in the name of a company already struck off from the register is invalid because jurisdiction cannot be assumed over a non-existent entity. Participation by an ex-director does not cure the defect, and the consequential reassessment order under section 144 read with section 147 falls with the invalid notice. Section 250 of the Companies Act, 2013 did not assist the Revenue because no subsisting liability or obligation of the struck-off company remained on the date of reopening. The notice and reassessment were quashed.
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