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 respondents to conduct an expeditious review of the TRQ allocation policy under the India-UAE CEPA and complete the review preferably within four weeks. The court mandated that the review address petitioners' grievances concerning eligibility and allocation modalities, emphasising that the allocation policy should be made more broad-based to include applicants lacking multi-year substantial turnover yet possessing significant networks and first-time TRQ applicants. The HC permitted respondents, including DGFT, to formulate and introduce additional conditions or criteria to effectuate broader allocation if deemed appropriate. The petitions were disposed of on the basis of the aforesaid directions.
The HC directed respondents to conduct an expeditious review of the TRQ allocation policy under the India-UAE CEPA and complete the review preferably within four weeks. The court mandated that the review address petitioners' grievances concerning eligibility and allocation modalities, emphasising that the allocation policy should be made more broad-based to include applicants lacking multi-year substantial turnover yet possessing significant networks and first-time TRQ applicants. The HC permitted respondents, including DGFT, to formulate and introduce additional conditions or criteria to effectuate broader allocation if deemed appropriate. The petitions were disposed of on the basis of the aforesaid directions.
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TaxTMI 
TaxTMI 
of 4918 
