Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Smuggling - Baggage Rules - Bonafide baggage or not - Gold Jewellery - Liquor - one fails to understand, petitioners who claim to be pilgrims visiting an alien country would wear costly jewellery even if it be their customs - the fact that the petitioners also purchased 112 bottles liquor beyond the permissible limits and attempted to walk though the green channel without making declaration also shows that the visit to India by the petitioners were not purely as pilgrimage alone - Levy of penalty and redemption fine sustained - HC
Smuggling - Baggage Rules - Bonafide baggage or not - Gold Jewellery - Liquor - one fails to understand, petitioners who claim to be pilgrims visiting an alien country would wear costly jewellery even if it be their customs - the fact that the petitioners also purchased 112 bottles liquor beyond the permissible limits and attempted to walk though the green channel without making declaration also shows that the visit to India by the petitioners were not purely as pilgrimage alone - Levy of penalty and redemption fine sustained - HC
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