Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Immediate suspension of a Customs Cargo Service Provider approval under HCCAR is an exceptional measure and can be used only where an inquiry is pending or contemplated; absent a show-cause notice or other substantiated basis for such inquiry, continuation of suspension is unsustainable. The Tribunal also held that an indefinite prohibition on fresh receipt of import or export cargo was inconsistent with HCCAR, which contemplates only temporary regulation of cargo entry, while preserving the authority's power to proceed under Regulation 12 after inquiry. On the material placed, allegations of smuggling, unauthorized removal, and security lapses required regular inquiry and factual substantiation, so the continued suspension order was set aside with liberty to initiate proceedings under the prescribed procedure.
Immediate suspension of a Customs Cargo Service Provider approval under HCCAR is an exceptional measure and can be used only where an inquiry is pending or contemplated; absent a show-cause notice or other substantiated basis for such inquiry, continuation of suspension is unsustainable. The Tribunal also held that an indefinite prohibition on fresh receipt of import or export cargo was inconsistent with HCCAR, which contemplates only temporary regulation of cargo entry, while preserving the authority's power to proceed under Regulation 12 after inquiry. On the material placed, allegations of smuggling, unauthorized removal, and security lapses required regular inquiry and factual substantiation, so the continued suspension order was set aside with liberty to initiate proceedings under the prescribed procedure.
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