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...
Police Custody Petition - creating false GST accounts and claiming irregular Input Tax Credit - conspiracy with the companies with a common intention of misappropriating funds - Despite the prosecution's arguments emphasizing the severity of the offense and the accused's alleged involvement, the magistrate rejected the petition, citing insufficient grounds. The High Court, upon review, upheld the magistrate's decision, noting the absence of strong justification for custodial interrogation. Additionally, the court considered the findings of the DGGI investigation and a committee report, which cast doubt on the need for further police custody. Consequently, the High Court dismissed the criminal revision case.
Police Custody Petition - creating false GST accounts and claiming irregular Input Tax Credit - conspiracy with the companies with a common intention of misappropriating funds - Despite the prosecution's arguments emphasizing the severity of the offense and the accused's alleged involvement, the magistrate rejected the petition, citing insufficient grounds. The High Court, upon review, upheld the magistrate's decision, noting the absence of strong justification for custodial interrogation. Additionally, the court considered the findings of the DGGI investigation and a committee report, which cast doubt on the need for further police custody. Consequently, the High Court dismissed the criminal revision case.
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