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...
HC held that the eviction notice under Section 8(4) of PMLA is valid and within jurisdiction. The court found that non-compliance with Rule 5(1) does not vitiate the notice under Rule 5(2), as these provisions serve different purposes. The lack of a mandatory time limit for issuing the notice does not invalidate it. The court directed the Appellate Tribunal to expeditiously hear the petitioner's appeal and stay application within two months, effectively dismissing the petitioner's challenge as premature given the pending appeal.
HC held that the eviction notice under Section 8(4) of PMLA is valid and within jurisdiction. The court found that non-compliance with Rule 5(1) does not vitiate the notice under Rule 5(2), as these provisions serve different purposes. The lack of a mandatory time limit for issuing the notice does not invalidate it. The court directed the Appellate Tribunal to expeditiously hear the petitioner's appeal and stay application within two months, effectively dismissing the petitioner's challenge as premature given the pending appeal.
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