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...
Safeguard duty levied on the import of solar cells and modules - Validity of levy during the period when the injunction from the High Court of Orissa was active - Protection of the domestic industry - The High Court found that the impugned notification issued during the subsistence of an Orissa High Court's injunction was indeed inoperative until the Supreme Court stayed the injunction. Post the stay, the notification became effective. The court held that the assessment of safeguard duties on imports made during the period when the injunction was active was illegal and arbitrary. Consequently, related actions taken during this period were set aside.
Safeguard duty levied on the import of solar cells and modules - Validity of levy during the period when the injunction from the High Court of Orissa was active - Protection of the domestic industry - The High Court found that the impugned notification issued during the subsistence of an Orissa High Court's injunction was indeed inoperative until the Supreme Court stayed the injunction. Post the stay, the notification became effective. The court held that the assessment of safeguard duties on imports made during the period when the injunction was active was illegal and arbitrary. Consequently, related actions taken during this period were set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
