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...
The HC dismissed the writ petitions and pending applications, refusing to direct a central agency investigation or SFIO involvement. The court found that alleged offences of fraud, cheating and money laundering arose from multiple independent franchise agreements with the respondent company and that FIRs and chargesheets have been registered by State Police in various States. Clubbing the matters was held likely to delay individual complainants' investigations; jurisdictional remedy lies before the respective High Courts or competent State courts. The HC noted ED has commenced PMLA inquiries and concluded no exceptional grounds existed to order SFIO or CBI takeover; consequently no further directions were granted.
The HC dismissed the writ petitions and pending applications, refusing to direct a central agency investigation or SFIO involvement. The court found that alleged offences of fraud, cheating and money laundering arose from multiple independent franchise agreements with the respondent company and that FIRs and chargesheets have been registered by State Police in various States. Clubbing the matters was held likely to delay individual complainants' investigations; jurisdictional remedy lies before the respective High Courts or competent State courts. The HC noted ED has commenced PMLA inquiries and concluded no exceptional grounds existed to order SFIO or CBI takeover; consequently no further directions were granted.
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