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...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Classification of supply of goods - Water including natural or artificial mineral waters and aerated waters, not containing added sugar or sweetening matter, not flavoured (other than drinking water packed in 20 litre bottles) - The case revolves around the classification of the output and water sold by the Appellant, an effluent treatment plant. Disputes arose regarding whether the output should be classified as goods and if the water sold falls under a specific heading. The AAAR ordered a re-examination of the matter by the lower authority in light of new evidence presented during the appeal process.
Classification of supply of goods - Water including natural or artificial mineral waters and aerated waters, not containing added sugar or sweetening matter, not flavoured (other than drinking water packed in 20 litre bottles) - The case revolves around the classification of the output and water sold by the Appellant, an effluent treatment plant. Disputes arose regarding whether the output should be classified as goods and if the water sold falls under a specific heading. The AAAR ordered a re-examination of the matter by the lower authority in light of new evidence presented during the appeal process.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
