Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Benami proceedings involving a fictitious-name transaction turn on cumulative evidence rather than the supplier's failure to file tax returns alone. The alleged supplier's absence from its stated address, unserved notices, inconsistent GST business description, untraceable bank account, and lack of credible proof of supply, delivery, payment, or accounting were identified as sufficient to discharge the initial burden; the appellants did not rebut it. The transaction was therefore treated as benami under Section 2(9)(B). In a fictitious transaction, the routed amount may be regarded as returning to the beneficial owner, permitting attachment in that owner's account rather than requiring attachment only from a benamidar. The provisional attachment and related findings were upheld.
Benami proceedings involving a fictitious-name transaction turn on cumulative evidence rather than the supplier's failure to file tax returns alone. The alleged supplier's absence from its stated address, unserved notices, inconsistent GST business description, untraceable bank account, and lack of credible proof of supply, delivery, payment, or accounting were identified as sufficient to discharge the initial burden; the appellants did not rebut it. The transaction was therefore treated as benami under Section 2(9)(B). In a fictitious transaction, the routed amount may be regarded as returning to the beneficial owner, permitting attachment in that owner's account rather than requiring attachment only from a benamidar. The provisional attachment and related findings were upheld.
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