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...
Penalty u/s 271(1)(c) - difference between the income declared in the return by the assessee under the provisions of section 115JB of the Act and income assessed by the Ld. AO - No penalty can be levied on the addition/disallowance made on the basis of retrospective amendment under the law.- AT
Penalty u/s 271(1)(c) - difference between the income declared in the return by the assessee under the provisions of section 115JB of the Act and income assessed by the Ld. AO - No penalty can be levied on the addition/disallowance made on the basis of retrospective amendment under the law.- AT
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TaxTMI 
TaxTMI 
of 4918 
