Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Properties treated as proceeds of crime remained attachable where the appellants failed to prove acquisition from independent lawful sources or payment of consideration. The Appellate Tribunal found that the respondent had established the foundational case that the assets originally stood with M/s AGFVIL and were later transferred through intermediary, namesake transactions without supporting proof of genuine purchase. For one appellant, the record showed only a shifted name without documentary evidence of consideration; for another, alleged loans, seller payment, and bank trail were not substantiated; for the third, the later explanation of source was inconsistent with her own statement and unsupported by material. The confirmation of the provisional attachment was upheld.
Properties treated as proceeds of crime remained attachable where the appellants failed to prove acquisition from independent lawful sources or payment of consideration. The Appellate Tribunal found that the respondent had established the foundational case that the assets originally stood with M/s AGFVIL and were later transferred through intermediary, namesake transactions without supporting proof of genuine purchase. For one appellant, the record showed only a shifted name without documentary evidence of consideration; for another, alleged loans, seller payment, and bank trail were not substantiated; for the third, the later explanation of source was inconsistent with her own statement and unsupported by material. The confirmation of the provisional attachment was upheld.
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