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 refused to disturb a communication granting provisional release of seized goods and directed the Petitioner to join the ongoing investigation; the Petition challenging that communication was dismissed. The Court found the Petitioner's claim of local manufacture contradicted by labels indicating foreign origin and held that misdeclaration - including labelling as 'Made in China' or other foreign jurisdictions - undermines consumer protection and public interest, particularly against the policy promoting 'Made in India'. Given the Petitioner's failure to produce invoices and the large quantity seized, the HC declined to interfere with the 10 June 2025 communication, leaving the Petitioner free to participate in the investigation and seek assessment or release in accordance with law.
The HC refused to disturb a communication granting provisional release of seized goods and directed the Petitioner to join the ongoing investigation; the Petition challenging that communication was dismissed. The Court found the Petitioner's claim of local manufacture contradicted by labels indicating foreign origin and held that misdeclaration - including labelling as 'Made in China' or other foreign jurisdictions - undermines consumer protection and public interest, particularly against the policy promoting 'Made in India'. Given the Petitioner's failure to produce invoices and the large quantity seized, the HC declined to interfere with the 10 June 2025 communication, leaving the Petitioner free to participate in the investigation and seek assessment or release in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
