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...
NCLT Mumbai's order vacating attachment orders issued by ED under PMLA upheld. Petitioner, aware of CIRP proceedings, failed to avail statutory remedy of appeal before NCLAT within prescribed period. Plea of violation of natural justice rejected as petitioner deliberately did not intervene despite knowledge. HC vacated interim stay, directed petitioner to address jurisdictional issue, consider converting writ petition under Article 226.
NCLT Mumbai's order vacating attachment orders issued by ED under PMLA upheld. Petitioner, aware of CIRP proceedings, failed to avail statutory remedy of appeal before NCLAT within prescribed period. Plea of violation of natural justice rejected as petitioner deliberately did not intervene despite knowledge. HC vacated interim stay, directed petitioner to address jurisdictional issue, consider converting writ petition under Article 226.
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