Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Land acquired in an individual's name for the appellant did not establish a real estate agent relationship, because the records showed the acquisition was on the appellant's behalf and no service was rendered to the housing society; the demand on that category was set aside. For works contract valuation, Rule 2A(ii) applies only when value cannot be determined under Rule 2A(i); the Revenue could not selectively accept some invoices and reject others without first determining the service portion, so the differential demand failed. The uncontested goods transport agency tax, already paid during audit, was confirmed.
Land acquired in an individual's name for the appellant did not establish a real estate agent relationship, because the records showed the acquisition was on the appellant's behalf and no service was rendered to the housing society; the demand on that category was set aside. For works contract valuation, Rule 2A(ii) applies only when value cannot be determined under Rule 2A(i); the Revenue could not selectively accept some invoices and reject others without first determining the service portion, so the differential demand failed. The uncontested goods transport agency tax, already paid during audit, was confirmed.
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