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...
DSC granted regular bail to the Applicant in proceedings concerning alleged import misdeclaration of 36 containers of dry dates. The court noted an earlier HC direction for provisional release of seized goods upon security by a third party, observed documentary and digital evidence already secured by the Investigating Agency, the Applicant's custody since 26/06/2025, and absence of criminal antecedents, concluding further detention unnecessary. Bail was ordered on execution of a personal recognizance bond of Rs.100,000 with two solvent sureties of like amount to the satisfaction of the learned trial court, subject to any additional conditions the trial court deems appropriate. Application allowed.
DSC granted regular bail to the Applicant in proceedings concerning alleged import misdeclaration of 36 containers of dry dates. The court noted an earlier HC direction for provisional release of seized goods upon security by a third party, observed documentary and digital evidence already secured by the Investigating Agency, the Applicant's custody since 26/06/2025, and absence of criminal antecedents, concluding further detention unnecessary. Bail was ordered on execution of a personal recognizance bond of Rs.100,000 with two solvent sureties of like amount to the satisfaction of the learned trial court, subject to any additional conditions the trial court deems appropriate. Application allowed.
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TaxTMI 
TaxTMI 
of 4918 
