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 denied regular bail in a high-profile narcotics smuggling case involving transnational drug syndicate. The Court rejected the appellant's bail application, citing significant flight risk, potential witness tampering, and ongoing complex investigation involving substantial heroin seizure. While not definitively linking the case to terror financing, the Court directed NIA to submit a list of material witnesses and mandated expedited trial proceedings. The appellant was permitted to renew bail plea after six months or upon substantial trial progression, emphasizing the need to preserve investigative integrity without prejudicing the case's ultimate merits.
SC denied regular bail in a high-profile narcotics smuggling case involving transnational drug syndicate. The Court rejected the appellant's bail application, citing significant flight risk, potential witness tampering, and ongoing complex investigation involving substantial heroin seizure. While not definitively linking the case to terror financing, the Court directed NIA to submit a list of material witnesses and mandated expedited trial proceedings. The appellant was permitted to renew bail plea after six months or upon substantial trial progression, emphasizing the need to preserve investigative integrity without prejudicing the case's ultimate merits.
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