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 involving a dispute over director's emoluments. The Appellant, initially appointed as CFO and subsequently designated as Whole-Time Director, was terminated from employment. The Tribunal held that no separate remuneration was payable for the director role, as there was no board resolution approving additional compensation. The pre-existing contractual dispute was deemed non-maintainable under the Code, with all terminal benefits already paid. The Appellant failed to substantiate claims for continued emoluments after relinquishing the CFO position, resulting in the appeal's dismissal based on lack of documentary evidence and procedural requirements.
NCLAT dismissed the appeal involving a dispute over director's emoluments. The Appellant, initially appointed as CFO and subsequently designated as Whole-Time Director, was terminated from employment. The Tribunal held that no separate remuneration was payable for the director role, as there was no board resolution approving additional compensation. The pre-existing contractual dispute was deemed non-maintainable under the Code, with all terminal benefits already paid. The Appellant failed to substantiate claims for continued emoluments after relinquishing the CFO position, resulting in the appeal's dismissal based on lack of documentary evidence and procedural requirements.
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TaxTMI 
TaxTMI 
of 4918 
