Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require...
Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review...
Section 110(2) requires return of seized goods if notice under Section 124(a) is not issued within the stipulated period. Section 124's first proviso, however, permits oral notice and oral representation at the concerned person's request. A statement declining a show-cause notice or personal hearing does not itself establish that oral notice was given; together with the Department's assertion, it creates a factual dispute over whether oral proceedings and their statutory conditions existed. Such disputes, including alleged coercion in recording the statement, are not resolved in writ jurisdiction. The claim for automatic release of seized gold solely for lack of a written notice was rejected, leaving the competent authority to determine the oral proceedings and customs liability.
Section 110(2) requires return of seized goods if notice under Section 124(a) is not issued within the stipulated period. Section 124's first proviso, however, permits oral notice and oral representation at the concerned person's request. A statement declining a show-cause notice or personal hearing does not itself establish that oral notice was given; together with the Department's assertion, it creates a factual dispute over whether oral proceedings and their statutory conditions existed. Such disputes, including alleged coercion in recording the statement, are not resolved in writ jurisdiction. The claim for automatic release of seized gold solely for lack of a written notice was rejected, leaving the competent authority to determine the oral proceedings and customs liability.
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