Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
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Retention of seized cash, documents and digital devices under PMLA was upheld because the appellant had been supplied the only relied upon documents, namely the panchnamas, and no procedural illegality or breach of natural justice was shown. The Tribunal also found that the appellant failed to explain the source of the seized cash; the later claim that it represented scrap-sale proceeds was unsupported by reliable particulars. In view of the material linking the appellant to the main accused and the prosecution complaint seeking confiscation of the cash, the retention order was sustained, subject to the result of the trial.
Retention of seized cash, documents and digital devices under PMLA was upheld because the appellant had been supplied the only relied upon documents, namely the panchnamas, and no procedural illegality or breach of natural justice was shown. The Tribunal also found that the appellant failed to explain the source of the seized cash; the later claim that it represented scrap-sale proceeds was unsupported by reliable particulars. In view of the material linking the appellant to the main accused and the prosecution complaint seeking confiscation of the cash, the retention order was sustained, subject to the result of the trial.
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