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...
Compulsory audit u/s 142(2A) - Though the impugned action is questioned on the ground that effective opportunity of hearing was not given. However, the record reveals that before taking decision a notice was issued and petitioner was given the opportunity of hearing. Facts nullify the contention of the petitioner that they had no effective opportunity of hearing.- HC
Compulsory audit u/s 142(2A) - Though the impugned action is questioned on the ground that effective opportunity of hearing was not given. However, the record reveals that before taking decision a notice was issued and petitioner was given the opportunity of hearing. Facts nullify the contention of the petitioner that they had no effective opportunity of hearing.- HC
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