Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
A false refund claim in an income-tax return, supported by fabricated housing-loan documents, attracted prosecution under Section 277. The evidence of the complainant and bank officer proved that the claimed loan documents were false and that no housing loan existed in the taxpayer's name. Once the false statement in the return was established, Section 278E required a presumption of culpable mental state, which was not rebutted because no defence evidence was led and the explanation to the notice was rejected. The concurrent findings were found free from legal infirmity, so the conviction, sentence, and revision dismissal were upheld.
A false refund claim in an income-tax return, supported by fabricated housing-loan documents, attracted prosecution under Section 277. The evidence of the complainant and bank officer proved that the claimed loan documents were false and that no housing loan existed in the taxpayer's name. Once the false statement in the return was established, Section 278E required a presumption of culpable mental state, which was not rebutted because no defence evidence was led and the explanation to the notice was rejected. The concurrent findings were found free from legal infirmity, so the conviction, sentence, and revision dismissal were upheld.
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