Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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At the attachment stage under PMLA, the Tribunal applied preponderance of probabilities and held that bank trail material, statements of the persons concerned, the cash book and RTGS/NEFT records were sufficient to show receipt of proceeds of crime by the appellant; minor discrepancies in the cash figures did not destroy the evidentiary value, and final culpability was left to the pending prosecution complaint. It also held that property acquired before the crime period remained liable to equivalent value attachment where direct proceeds were no longer available, since no bar flows from the definition of proceeds of crime. Attachment was treated as a protective measure, and the appeal was dismissed.
At the attachment stage under PMLA, the Tribunal applied preponderance of probabilities and held that bank trail material, statements of the persons concerned, the cash book and RTGS/NEFT records were sufficient to show receipt of proceeds of crime by the appellant; minor discrepancies in the cash figures did not destroy the evidentiary value, and final culpability was left to the pending prosecution complaint. It also held that property acquired before the crime period remained liable to equivalent value attachment where direct proceeds were no longer available, since no bar flows from the definition of proceeds of crime. Attachment was treated as a protective measure, and the appeal was dismissed.
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