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...
NCLAT dismissed the company appeal challenging an interim order regarding an Annual General Meeting (AGM). The Appellate Tribunal held that interlocutory orders exercising discretionary powers are not typically appealable under Section 421. The tribunal emphasized that procedural principles from previous cases cannot be mechanically applied to interim applications, particularly when judicial discretion involves human prudence. The court directed the lower tribunal to consider any future stay vacation application independently, without being influenced by the current observations, and to expeditiously decide the pending interlocutory application in accordance with legal provisions.
NCLAT dismissed the company appeal challenging an interim order regarding an Annual General Meeting (AGM). The Appellate Tribunal held that interlocutory orders exercising discretionary powers are not typically appealable under Section 421. The tribunal emphasized that procedural principles from previous cases cannot be mechanically applied to interim applications, particularly when judicial discretion involves human prudence. The court directed the lower tribunal to consider any future stay vacation application independently, without being influenced by the current observations, and to expeditiously decide the pending interlocutory application in accordance with legal provisions.
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TaxTMI 
TaxTMI 
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