Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Section 80P business attribution: ITAT allows deduction on investment interest and ancillary receipts, but excludes staff-loan and other non-eligible ...
Natural justice required a reasoned assessment of cryptocurrency exchanges' role, control over transactions and assets, ownership of crypto assets in pool wallets, knowledge of allegedly tainted transactions, and the nexus between frozen assets and proceeds of crime. The Tribunal found that the Adjudicating Authority had not addressed the platforms' material submissions or recorded specific findings on these issues. As the factual and legal questions required examination on the available evidence, the Tribunal set aside the order permitting retention of seized devices and continuation of freezing of bank funds and crypto assets, remanding the matters for fresh adjudication by a speaking order without deciding the merits conclusively.
Natural justice required a reasoned assessment of cryptocurrency exchanges' role, control over transactions and assets, ownership of crypto assets in pool wallets, knowledge of allegedly tainted transactions, and the nexus between frozen assets and proceeds of crime. The Tribunal found that the Adjudicating Authority had not addressed the platforms' material submissions or recorded specific findings on these issues. As the factual and legal questions required examination on the available evidence, the Tribunal set aside the order permitting retention of seized devices and continuation of freezing of bank funds and crypto assets, remanding the matters for fresh adjudication by a speaking order without deciding the merits conclusively.
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