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...
Addition of compensation payable for unauthorised slum dwellers - contingent liability or as an unascertained liability - assessee had been continuing to make payments by discharging the liabilities as could be seen in the table in subsequent years. Hence, we hold that Apatra Expenses and compensation payable to various slum dwellers are genuine liabilities not warranting any disallowance thereon.- AT
Addition of compensation payable for unauthorised slum dwellers - contingent liability or as an unascertained liability - assessee had been continuing to make payments by discharging the liabilities as could be seen in the table in subsequent years. Hence, we hold that Apatra Expenses and compensation payable to various slum dwellers are genuine liabilities not warranting any disallowance thereon.- AT
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TaxTMI 
TaxTMI 
of 4918 
