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 appeal challenging a procedural order related to a company petition. The tribunal held that the impugned order did not dilute any party's rights and was merely a procedural order recording submission of notes. The appellant failed to challenge the main order dated 18.12.2024 and had already complied with previous directions by filing submissions. Consequently, the appeal challenging the procedural order was deemed non-maintainable, consistent with established judicial precedent that procedural orders are not independently appealable. The appeal was dismissed without addressing the substantive merits of the underlying company petition.
NCLAT dismissed the appeal challenging a procedural order related to a company petition. The tribunal held that the impugned order did not dilute any party's rights and was merely a procedural order recording submission of notes. The appellant failed to challenge the main order dated 18.12.2024 and had already complied with previous directions by filing submissions. Consequently, the appeal challenging the procedural order was deemed non-maintainable, consistent with established judicial precedent that procedural orders are not independently appealable. The appeal was dismissed without addressing the substantive merits of the underlying company petition.
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TaxTMI 
TaxTMI 
of 4918 
