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...
Control of income-tax authorities - U/s 118 - Notification No. 39/2024 issued by the CBDT, introduces amendments to a prior notification related to the administrative structure and nomenclature within the Income-tax Department. The changes primarily involve the renaming of income tax authorities and schedules, clarification of hierarchical structures, and the addition of new administrative units.
Control of income-tax authorities - U/s 118 - Notification No. 39/2024 issued by the CBDT, introduces amendments to a prior notification related to the administrative structure and nomenclature within the Income-tax Department. The changes primarily involve the renaming of income tax authorities and schedules, clarification of hierarchical structures, and the addition of new administrative units.
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