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 HC ruled that customs authorities failed to preserve crucial CCTV evidence that would have verified whether the petitioner was wearing the gold kada upon departure, noting that such footage is only available for 30 days. The court emphasized that immediate action should be taken to preserve evidence when complaints of illegal seizure are received. Without this evidence, the legality of the gold kada's detention and confiscation, as well as the alleged illegal seizure of Thai Baht, could not be properly determined. The HC ordered that the petitioner's revision petition be decided within one month from the date of judgment and disposed of the petition accordingly.
The HC ruled that customs authorities failed to preserve crucial CCTV evidence that would have verified whether the petitioner was wearing the gold kada upon departure, noting that such footage is only available for 30 days. The court emphasized that immediate action should be taken to preserve evidence when complaints of illegal seizure are received. Without this evidence, the legality of the gold kada's detention and confiscation, as well as the alleged illegal seizure of Thai Baht, could not be properly determined. The HC ordered that the petitioner's revision petition be decided within one month from the date of judgment and disposed of the petition accordingly.
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