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...
SC adjudicated a revenue dispute concerning delayed adjudication, where the HC previously quashed a Show Cause Notice (SCN) based on procedural inefficiencies. The Revenue's counsel argued against the HC's order, emphasizing potential administrative complications. The SC temporarily suspended the HC's judgment and deferred potential hearings on similar matters before the Tribunal or HCs, pending a comprehensive review. The court strategically scheduled the matter for post-summer vacation consideration, indicating a nuanced approach to resolving the procedural and substantive legal issues underlying the case.
SC adjudicated a revenue dispute concerning delayed adjudication, where the HC previously quashed a Show Cause Notice (SCN) based on procedural inefficiencies. The Revenue's counsel argued against the HC's order, emphasizing potential administrative complications. The SC temporarily suspended the HC's judgment and deferred potential hearings on similar matters before the Tribunal or HCs, pending a comprehensive review. The court strategically scheduled the matter for post-summer vacation consideration, indicating a nuanced approach to resolving the procedural and substantive legal issues underlying the case.
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TaxTMI 
TaxTMI 
of 4918 
