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...
CESTAT dismissed the appeal for non-prosecution under Rule 20 of CESTAT Procedure Rules, 1982, following Supreme Court precedent condemning mechanical adjournment requests. The tribunal found no justification for adjourning the matter beyond three statutorily permitted instances. The decision underscores judicial intolerance for repeated, unwarranted procedural delays that obstruct efficient case resolution, emphasizing the need for parties to utilize court-granted opportunities responsibly and expeditiously.
CESTAT dismissed the appeal for non-prosecution under Rule 20 of CESTAT Procedure Rules, 1982, following Supreme Court precedent condemning mechanical adjournment requests. The tribunal found no justification for adjourning the matter beyond three statutorily permitted instances. The decision underscores judicial intolerance for repeated, unwarranted procedural delays that obstruct efficient case resolution, emphasizing the need for parties to utilize court-granted opportunities responsibly and expeditiously.
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