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 HC directed the Revenue to calculate interest under section 244A on the refund granted to the Petitioner for A.Y.2009-10 up to 31 July 2025 and to pay the same within four weeks. For A.Y.2008-09 the Assessing Officer was directed to adjudicate the Petitioner's rectification application expeditiously, in any event within eight weeks, and to determine interest under section 244A up to the date of actual payment when passing the rectification order. The Writ Petition was disposed of in those terms, with the reliefs confined to the interest calculation and rectification directions specified.
The HC directed the Revenue to calculate interest under section 244A on the refund granted to the Petitioner for A.Y.2009-10 up to 31 July 2025 and to pay the same within four weeks. For A.Y.2008-09 the Assessing Officer was directed to adjudicate the Petitioner's rectification application expeditiously, in any event within eight weeks, and to determine interest under section 244A up to the date of actual payment when passing the rectification order. The Writ Petition was disposed of in those terms, with the reliefs confined to the interest calculation and rectification directions specified.
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TaxTMI 
TaxTMI 
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