Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Discharge-stage scrutiny in a money-laundering prosecution is confined to whether the available material creates a strong suspicion reasonably connecting the accused with the alleged offence; it does not permit a roving enquiry or trial-level weighing of evidence. Statements indicating that funds were arranged and delivered at a co-accused's request, rather than through ordinary business, together with the absence of contemporaneous proof of goods supplied, supported the allegation. Bank records and statements from persons involved in arranging and delivering cash provided prima facie corroboration that the accused knowingly assisted a process connected with proceeds of crime. The High Court upheld refusal of discharge and dismissed the criminal revision.
Discharge-stage scrutiny in a money-laundering prosecution is confined to whether the available material creates a strong suspicion reasonably connecting the accused with the alleged offence; it does not permit a roving enquiry or trial-level weighing of evidence. Statements indicating that funds were arranged and delivered at a co-accused's request, rather than through ordinary business, together with the absence of contemporaneous proof of goods supplied, supported the allegation. Bank records and statements from persons involved in arranging and delivering cash provided prima facie corroboration that the accused knowingly assisted a process connected with proceeds of crime. The High Court upheld refusal of discharge and dismissed the criminal revision.
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TaxTMI 
TaxTMI 
of 4891 
