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...
A High Court disposed of the writ petition as premature and directed the Deputy Commissioner of State Tax to pass an order on the impugned notice within one week, since a hearing on the notice had already been concluded. The Court noted that the petitioner could move an interim stay application before the GST Tribunal after the portal became available for such filings. It further directed that any contemplated recovery must be preceded by 10 days' prior notice, and kept all contentions open.
A High Court disposed of the writ petition as premature and directed the Deputy Commissioner of State Tax to pass an order on the impugned notice within one week, since a hearing on the notice had already been concluded. The Court noted that the petitioner could move an interim stay application before the GST Tribunal after the portal became available for such filings. It further directed that any contemplated recovery must be preceded by 10 days' prior notice, and kept all contentions open.
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TaxTMI 
TaxTMI 
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