Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Page of 4805
Press 'Enter' after typing page number.
1101 to 1120 of 96092 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Penalty under section 112(b) for town seizure of gold and silver ornaments depends on proof of foreign origin, illicit importation, conscious knowledge, and a nexus to handling, concealing, transporting, or harbouring the goods. The Tribunal found that the Department did not conclusively establish that the seized gold had been imported from Nepal, and a purity report of 98.15% was insufficient to prove foreign origin where imported foreign gold ordinarily exceeds 99.9% purity. Because deliberate involvement and conscious knowledge were also not shown, the nexus issue became immaterial and the penalty was set aside with consequential relief.
Penalty under section 112(b) for town seizure of gold and silver ornaments depends on proof of foreign origin, illicit importation, conscious knowledge, and a nexus to handling, concealing, transporting, or harbouring the goods. The Tribunal found that the Department did not conclusively establish that the seized gold had been imported from Nepal, and a purity report of 98.15% was insufficient to prove foreign origin where imported foreign gold ordinarily exceeds 99.9% purity. Because deliberate involvement and conscious knowledge were also not shown, the nexus issue became immaterial and the penalty was set aside with consequential relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
