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...
Notices issued u/s 148 by Joint Assessing Officer (JAO) instead of Faceless Assessing Officer (FAO) were held invalid due to lack of jurisdiction, as per Section 151A and Central Government notification dated March 29, 2022. Relying on Hexaware Technologies Ltd. decision, High Court ruled that JAO lacked authority to issue impugned notices, rendering them illegal and invalid. Petition was allowed in favor of assessee.
Notices issued u/s 148 by Joint Assessing Officer (JAO) instead of Faceless Assessing Officer (FAO) were held invalid due to lack of jurisdiction, as per Section 151A and Central Government notification dated March 29, 2022. Relying on Hexaware Technologies Ltd. decision, High Court ruled that JAO lacked authority to issue impugned notices, rendering them illegal and invalid. Petition was allowed in favor of assessee.
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TaxTMI 
TaxTMI 
of 4918 
