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 upheld NCLT's order directing investigation into company affairs, rejecting appellant's claim of natural justice violation. The Appellate Tribunal determined that proper notice was served through substitutive mode, and the appellant deliberately avoided participating in proceedings. Since the investigation is a fact-finding stage and does not conclusively determine guilt, the tribunal declined interference. The appellant retains available defenses during the investigative process. Appeal was consequently dismissed, maintaining the original investigation order.
NCLAT upheld NCLT's order directing investigation into company affairs, rejecting appellant's claim of natural justice violation. The Appellate Tribunal determined that proper notice was served through substitutive mode, and the appellant deliberately avoided participating in proceedings. Since the investigation is a fact-finding stage and does not conclusively determine guilt, the tribunal declined interference. The appellant retains available defenses during the investigative process. Appeal was consequently dismissed, maintaining the original investigation order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
