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 unconditional release of the seized jewellery (one gold kada and one gold chain) to the Petitioner, holding that in absence of a show-cause notice under Section 110 of the Customs Act the goods must be released; release is subject only to payment of applicable customs duty. No redemption fine, penalty or interest shall be levied. Warehousing charges shall be recovered calculated at rates prevailing on the date of detention. The Petitioner is ordered to appear before the Customs Department on 18 November 2025 at 11:00 AM in person or through an authorised representative, the latter to be evidenced by prior communication; petition disposed of.
The HC directed unconditional release of the seized jewellery (one gold kada and one gold chain) to the Petitioner, holding that in absence of a show-cause notice under Section 110 of the Customs Act the goods must be released; release is subject only to payment of applicable customs duty. No redemption fine, penalty or interest shall be levied. Warehousing charges shall be recovered calculated at rates prevailing on the date of detention. The Petitioner is ordered to appear before the Customs Department on 18 November 2025 at 11:00 AM in person or through an authorised representative, the latter to be evidenced by prior communication; petition disposed of.
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TaxTMI 
TaxTMI 
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