Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Assessment order passed u/s 153A - valid approval granted u/s 153D or not? - The Tribunal found that the approval granted under Section 153D was generic and lacked specific reasoning for each assessment year. It noted discrepancies in the approval process, including the absence of year-wise reasoning and the mechanical nature of the approval. Ultimately, the Tribunal concluded that the approvals granted in this case did not pass the test of legitimacy and rendered the assessment orders null and void.
Assessment order passed u/s 153A - valid approval granted u/s 153D or not? - The Tribunal found that the approval granted under Section 153D was generic and lacked specific reasoning for each assessment year. It noted discrepancies in the approval process, including the absence of year-wise reasoning and the mechanical nature of the approval. Ultimately, the Tribunal concluded that the approvals granted in this case did not pass the test of legitimacy and rendered the assessment orders null and void.
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