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...
HC adjudicated a customs detention case involving warehousing charges, directing CWC to waive storage fees and release detained goods. The court mandated that goods can be collected by an authorized representative upon receiving explicit consent from the petitioner via proper communication. The court warned of potential stringent action against CWC personnel for non-compliance with its directives, emphasizing procedural relief for the petitioner under the Customs Act, 1962 and relevant Baggage Rules.
HC adjudicated a customs detention case involving warehousing charges, directing CWC to waive storage fees and release detained goods. The court mandated that goods can be collected by an authorized representative upon receiving explicit consent from the petitioner via proper communication. The court warned of potential stringent action against CWC personnel for non-compliance with its directives, emphasizing procedural relief for the petitioner under the Customs Act, 1962 and relevant Baggage Rules.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
