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...
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Grant of Regular Bail - In a case where the State sought to challenge the grant of regular bail to the respondent-accused, the High Court of Gujarat considered the arguments presented by both parties. While the State vehemently argued for bail cancellation, citing the failure to consider relevant factors and objections, the respondent's counsel supported the impugned order, pointing to the precedent of a co-accused being granted bail without challenge. Despite serious allegations leveled by the State regarding a significant financial scam, the Court found no such circumstances affecting the fairness of the trial or breaching bail conditions. - Consequently, the High Court dismissed the petition, affirming the impugned order and discharging the rule.
Grant of Regular Bail - In a case where the State sought to challenge the grant of regular bail to the respondent-accused, the High Court of Gujarat considered the arguments presented by both parties. While the State vehemently argued for bail cancellation, citing the failure to consider relevant factors and objections, the respondent's counsel supported the impugned order, pointing to the precedent of a co-accused being granted bail without challenge. Despite serious allegations leveled by the State regarding a significant financial scam, the Court found no such circumstances affecting the fairness of the trial or breaching bail conditions. - Consequently, the High Court dismissed the petition, affirming the impugned order and discharging the rule.
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