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...
Levy of penalty u/s 129 (3) of the GST Act - Allegation that appellant/petitioner did not generate e-Way Bill with a view to evade tax - Despite the petitioner presenting digital copies of e-Invoice and e-Way Bill, the revenue authorities imposed a penalty, leading to the petitioner challenging this decision in court. The court ruled in favor of the petitioner, highlighting the failure of the authorities to verify digital documents and the unjustified harassment faced by the genuine taxpayer.
Levy of penalty u/s 129 (3) of the GST Act - Allegation that appellant/petitioner did not generate e-Way Bill with a view to evade tax - Despite the petitioner presenting digital copies of e-Invoice and e-Way Bill, the revenue authorities imposed a penalty, leading to the petitioner challenging this decision in court. The court ruled in favor of the petitioner, highlighting the failure of the authorities to verify digital documents and the unjustified harassment faced by the genuine taxpayer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
