Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Retention of seized cash and vehicles during pending PMLA proceedings was upheld where a prosecution complaint was already pending in the same ECIR, and Section 8(3)(a) was held not to require a fresh complaint for each later seizure. The Tribunal also held that retention is not limited to property of named accused persons, so the challenge based on one appellant not being named failed. It accepted continued retention to trace a larger suspected quantum of proceeds of crime, rejected the objection that a separate Section 20 order was necessary, and found prima facie reasons to believe on the material and an insufficient explanation of the asset source. The appeals were dismissed.
Retention of seized cash and vehicles during pending PMLA proceedings was upheld where a prosecution complaint was already pending in the same ECIR, and Section 8(3)(a) was held not to require a fresh complaint for each later seizure. The Tribunal also held that retention is not limited to property of named accused persons, so the challenge based on one appellant not being named failed. It accepted continued retention to trace a larger suspected quantum of proceeds of crime, rejected the objection that a separate Section 20 order was necessary, and found prima facie reasons to believe on the material and an insufficient explanation of the asset source. The appeals were dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
