Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
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...
Section 2(11) of the Black Money Act treats a foreign asset as undisclosed where no explanation of its acquisition source is provided or the explanation is unsatisfactory. The text explains that foreign investments and bank assets sourced from gifts received during Belgian residency were supported by documents, banking records, donor statements and subsequent verification. As no material linked the assets to Indian taxable income, undisclosed business activity, accommodation arrangements or transfers of untaxed Indian funds, suspicion could not replace evidence. The foreign-asset addition was deleted, and the consequential penalty was also deleted because its underlying addition did not survive.
Section 2(11) of the Black Money Act treats a foreign asset as undisclosed where no explanation of its acquisition source is provided or the explanation is unsatisfactory. The text explains that foreign investments and bank assets sourced from gifts received during Belgian residency were supported by documents, banking records, donor statements and subsequent verification. As no material linked the assets to Indian taxable income, undisclosed business activity, accommodation arrangements or transfers of untaxed Indian funds, suspicion could not replace evidence. The foreign-asset addition was deleted, and the consequential penalty was also deleted because its underlying addition did not survive.
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