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...
SC quashed criminal proceedings against appellant under Section 482 CrPC, finding no criminal liability as the appellant was not the authorized officer during the relevant auction and sale certificate issuance period. The court determined the appellant had no direct involvement in the transaction, was not a signatory to the sale certificate, and assumed managerial office only subsequently. Continuation of criminal proceedings would constitute an abuse of legal process and cause unwarranted harassment, thus the appeal was allowed, effectively terminating the criminal proceedings against the appellant.
SC quashed criminal proceedings against appellant under Section 482 CrPC, finding no criminal liability as the appellant was not the authorized officer during the relevant auction and sale certificate issuance period. The court determined the appellant had no direct involvement in the transaction, was not a signatory to the sale certificate, and assumed managerial office only subsequently. Continuation of criminal proceedings would constitute an abuse of legal process and cause unwarranted harassment, thus the appeal was allowed, effectively terminating the criminal proceedings against the appellant.
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TaxTMI 
TaxTMI 
of 4918 
