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...
Additions u/s 68 - Unaccounted business income - The tribunal held that, the assessee has rightly claimed the said trading as business income - The sale proceeds of shares were properly explained by the assessee through the documentary evidence which was filed before the AO as well as before the CIT(A). AO as well as the CIT(A) was not right in making/confirming the addition to that effect. - AT
Additions u/s 68 - Unaccounted business income - The tribunal held that, the assessee has rightly claimed the said trading as business income - The sale proceeds of shares were properly explained by the assessee through the documentary evidence which was filed before the AO as well as before the CIT(A). AO as well as the CIT(A) was not right in making/confirming the addition to that effect. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
