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...
Central Excise Act interpretation regarding use of oxygen in sulphuric acid manufacturing. Tribunal upheld that oxygen produced by respondent was not used in sulphuric acid manufacturing, satisfying Notification 67/95 conditions. Supreme Court ruling in Hindustan Zinc case followed. Tribunal referred to Environment Protection Rules mandating sulphur dioxide emission prevention by utilizing waste gases in sulphuric acid production. Findings based on evidence, not perverse. High Court dismissed appeal, affirming Tribunal's decision.
Central Excise Act interpretation regarding use of oxygen in sulphuric acid manufacturing. Tribunal upheld that oxygen produced by respondent was not used in sulphuric acid manufacturing, satisfying Notification 67/95 conditions. Supreme Court ruling in Hindustan Zinc case followed. Tribunal referred to Environment Protection Rules mandating sulphur dioxide emission prevention by utilizing waste gases in sulphuric acid production. Findings based on evidence, not perverse. High Court dismissed appeal, affirming Tribunal's decision.
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