Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
Provisional attachment of properties acquired from proceeds of crime may be sustained despite asserted prior sales, partial sales, or mortgages where recipients of funds from an accused entity cannot establish genuine business activity or an independent source for acquiring the properties. Properties traced to tainted funds through entities controlled by the accused remain subject to attachment. A person who has already sold a property has no subsisting interest to challenge its attachment; any purchaser may pursue an independent remedy. Mortgages do not by themselves require release of attached property, while any valid independent claim of a financial institution or other third party remains open.
Provisional attachment of properties acquired from proceeds of crime may be sustained despite asserted prior sales, partial sales, or mortgages where recipients of funds from an accused entity cannot establish genuine business activity or an independent source for acquiring the properties. Properties traced to tainted funds through entities controlled by the accused remain subject to attachment. A person who has already sold a property has no subsisting interest to challenge its attachment; any purchaser may pursue an independent remedy. Mortgages do not by themselves require release of attached property, while any valid independent claim of a financial institution or other third party remains open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
