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...
Regulation 35 of the Liquidation Process Regulations is amended to require that valuation in liquidation follow ''such valuation standards as notified by the Board through circular'' in place of the Companies (Registered Valuers and Valuation) Rules, 2017; additionally, a new sub-regulation mandates that a registered valuer prepare the valuation report and retain supporting documentation in the format notified by the Board through circular. These amendments take effect on publication in the Official Gazette and impose Board-notified standards and a prescribed report/record format on valuers engaged in liquidation.
Regulation 35 of the Liquidation Process Regulations is amended to require that valuation in liquidation follow ''such valuation standards as notified by the Board through circular'' in place of the Companies (Registered Valuers and Valuation) Rules, 2017; additionally, a new sub-regulation mandates that a registered valuer prepare the valuation report and retain supporting documentation in the format notified by the Board through circular. These amendments take effect on publication in the Official Gazette and impose Board-notified standards and a prescribed report/record format on valuers engaged in liquidation.
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TaxTMI 
TaxTMI 
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