Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Revision u/s 263 - unsecured loan - AO after having received relevant documents including confirmation has not taken pains to verify the veracity of loan transactions and the creditworthiness of the parties. AO after issuing notices u/s. 133(6), left the enquiry in between despite only 2 reply received out of 23 - it is case of lack of enquiry and not inadequate enquiry - revision sustained
Revision u/s 263 - unsecured loan - AO after having received relevant documents including confirmation has not taken pains to verify the veracity of loan transactions and the creditworthiness of the parties. AO after issuing notices u/s. 133(6), left the enquiry in between despite only 2 reply received out of 23 - it is case of lack of enquiry and not inadequate enquiry - revision sustained
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TaxTMI 
TaxTMI 
of 4918 
