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...
The Noticee no. 1 provided unregistered investment advisory services to 290 investors from March 2020 to August 2023, earning over INR 12 crore. Noticees 4 and 5 are liable for the acts of Noticee 1. Show Cause Notice issued for potential directions: disgorgement of gains with interest, securities market prohibition, penalties for unregistered advisory and PFUTP violations, and non-compliance penalty. Noticees have 21 days to respond. The Order is immediately enforceable, without prejudice to further actions.
The Noticee no. 1 provided unregistered investment advisory services to 290 investors from March 2020 to August 2023, earning over INR 12 crore. Noticees 4 and 5 are liable for the acts of Noticee 1. Show Cause Notice issued for potential directions: disgorgement of gains with interest, securities market prohibition, penalties for unregistered advisory and PFUTP violations, and non-compliance penalty. Noticees have 21 days to respond. The Order is immediately enforceable, without prejudice to further actions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
