Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
First appellate authorities must examine assessment issues and decide appeal grounds through a reasoned, speaking order even when the appellant is absent; statutory appeals should not ordinarily be dismissed solely for non-prosecution without merits adjudication. In reassessment concerning unexplained cash deposits, contemporaneous material plausibly explaining non-representation required an effective opportunity to substantiate the depositor's explanation. The appellate order was set aside and the reassessment dispute remanded to the Assessing Officer for fresh adjudication after reasonable and effective hearing, subject to the assessee's cooperation and production of supporting evidence.
First appellate authorities must examine assessment issues and decide appeal grounds through a reasoned, speaking order even when the appellant is absent; statutory appeals should not ordinarily be dismissed solely for non-prosecution without merits adjudication. In reassessment concerning unexplained cash deposits, contemporaneous material plausibly explaining non-representation required an effective opportunity to substantiate the depositor's explanation. The appellate order was set aside and the reassessment dispute remanded to the Assessing Officer for fresh adjudication after reasonable and effective hearing, subject to the assessee's cooperation and production of supporting evidence.
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