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...
Section 110(2) requires release of detained gold only if the Section 124 show-cause notice is not issued within the prescribed period, including any validly extended period. Issuance of written notice before expiry of the extended period prevents a release claim based solely on expiry of the initial period. Accordingly, no release direction follows where the petition is filed while the extended period subsists and the notice is timely issued. Questions concerning the extension's validity and communication, waiver of notice or hearing, and evidentiary value of statements remain for adjudication in accordance with law.
Section 110(2) requires release of detained gold only if the Section 124 show-cause notice is not issued within the prescribed period, including any validly extended period. Issuance of written notice before expiry of the extended period prevents a release claim based solely on expiry of the initial period. Accordingly, no release direction follows where the petition is filed while the extended period subsists and the notice is timely issued. Questions concerning the extension's validity and communication, waiver of notice or hearing, and evidentiary value of statements remain for adjudication in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
