Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Section 123 places the burden on a person found in conscious possession of notified gold to establish lawful importation or acquisition. Where no lawful-source evidence is produced and surrounding material supports illicit origin, gold may be absolutely confiscated under customs law. Currency may be confiscated as sale proceeds where investigation material links it to prior sales of smuggled gold. Penalties for knowingly dealing in smuggled goods require evidence of conscious involvement. Mere familial relationship, awareness of another's conduct, employment, or routine work instructions do not establish abetment or liability without independent corroboration of knowledge, active participation or complicity.
Section 123 places the burden on a person found in conscious possession of notified gold to establish lawful importation or acquisition. Where no lawful-source evidence is produced and surrounding material supports illicit origin, gold may be absolutely confiscated under customs law. Currency may be confiscated as sale proceeds where investigation material links it to prior sales of smuggled gold. Penalties for knowingly dealing in smuggled goods require evidence of conscious involvement. Mere familial relationship, awareness of another's conduct, employment, or routine work instructions do not establish abetment or liability without independent corroboration of knowledge, active participation or complicity.
Note: It is a system-generated summary and is for quick reference only.
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