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...
The Madras High Court reviewed a case involving the rejection of export incentives under the Focus Product Scheme (FPS) and the Merchandise Export from India Scheme (MEIS). The court referenced previous decisions from other high courts and ruled in favor of the petitioner. The impugned order was quashed, and the third respondent was directed to approve the petitioner's claim under the FPS and MEIS Scheme within four weeks. The Writ Petition was allowed by the court.
The Madras High Court reviewed a case involving the rejection of export incentives under the Focus Product Scheme (FPS) and the Merchandise Export from India Scheme (MEIS). The court referenced previous decisions from other high courts and ruled in favor of the petitioner. The impugned order was quashed, and the third respondent was directed to approve the petitioner's claim under the FPS and MEIS Scheme within four weeks. The Writ Petition was allowed by the court.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
