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...
Permanent stay of winding up under the Companies Act, 1956 may support corporate revival where a redevelopment scheme settles or provides agreed payment of creditor and workmen claims and advances public interest and commercial morality. Revival need not require resumption of the company's former business, as a change of objects is not legally barred. Redevelopment of company-owned land does not itself amount to a transfer or divestment. Disputes over majority shareholders' creditor claims, dividends, security and long-term loans remain matters for claim adjudication and do not by themselves defeat revival. Changed circumstances can support a fresh application despite earlier adverse observations.
Permanent stay of winding up under the Companies Act, 1956 may support corporate revival where a redevelopment scheme settles or provides agreed payment of creditor and workmen claims and advances public interest and commercial morality. Revival need not require resumption of the company's former business, as a change of objects is not legally barred. Redevelopment of company-owned land does not itself amount to a transfer or divestment. Disputes over majority shareholders' creditor claims, dividends, security and long-term loans remain matters for claim adjudication and do not by themselves defeat revival. Changed circumstances can support a fresh application despite earlier adverse observations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
