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...
Levy of penalty - Smuggling - parts of wild animals - Prohibited goods or not - the Revenue failed to conclusively prove that the goods in question were prohibited items as alleged. The reliance on the visual examination by an inspector from the Forest Department, who was not an expert and whose opinion was uncertain and inconclusive, was deemed insufficient. The Tribunal noted the lack of a definitive conclusion or written opinion regarding the nature of the consignments. - AT
Levy of penalty - Smuggling - parts of wild animals - Prohibited goods or not - the Revenue failed to conclusively prove that the goods in question were prohibited items as alleged. The reliance on the visual examination by an inspector from the Forest Department, who was not an expert and whose opinion was uncertain and inconclusive, was deemed insufficient. The Tribunal noted the lack of a definitive conclusion or written opinion regarding the nature of the consignments. - AT
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