Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Possession of assets disproportionate to known sources of income under the Prevention of Corruption Act is treated as a scheduled or predicate offence for money-laundering purposes. An independent allegation of bribery or undue benefit is not required where disproportionate assets involve their concealment, possession, acquisition or projection as untainted property. Provisional attachment may be confined to the assessed value of disproportionate assets after accounting for legitimate income and expenses. Attachment requires recorded reasons to believe, supported by the predicate offence and apprehension that the properties may be alienated. Jointly held disproportionate assets may support attachment of a spouse's property.
Possession of assets disproportionate to known sources of income under the Prevention of Corruption Act is treated as a scheduled or predicate offence for money-laundering purposes. An independent allegation of bribery or undue benefit is not required where disproportionate assets involve their concealment, possession, acquisition or projection as untainted property. Provisional attachment may be confined to the assessed value of disproportionate assets after accounting for legitimate income and expenses. Attachment requires recorded reasons to believe, supported by the predicate offence and apprehension that the properties may be alienated. Jointly held disproportionate assets may support attachment of a spouse's property.
Note: It is a system-generated summary and is for quick reference only.
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