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...
The SC upheld the constitutional validity of state entertainment tax laws on Direct-to-Home (DTH) and cable television services. The Court determined that state legislatures have the competence to levy entertainment tax under Entry 62 of List II, while Parliament can simultaneously impose service tax under Entry 97 of List I. The Court rejected arguments of discrimination, finding no violation of Article 14. The judgment specifically set aside the Kerala HC's ruling that declared tax provisions unconstitutional, emphasizing that the legislature's intent to tax operators with over 7,500 connections was valid. Civil appeals from multiple high courts were largely dismissed, with the State of Kerala's appeal allowed, and the tax provisions across various state enactments were upheld.
The SC upheld the constitutional validity of state entertainment tax laws on Direct-to-Home (DTH) and cable television services. The Court determined that state legislatures have the competence to levy entertainment tax under Entry 62 of List II, while Parliament can simultaneously impose service tax under Entry 97 of List I. The Court rejected arguments of discrimination, finding no violation of Article 14. The judgment specifically set aside the Kerala HC's ruling that declared tax provisions unconstitutional, emphasizing that the legislature's intent to tax operators with over 7,500 connections was valid. Civil appeals from multiple high courts were largely dismissed, with the State of Kerala's appeal allowed, and the tax provisions across various state enactments were upheld.
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