Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Seeking amendment of bill of entry - The High Court acknowledged the oversight by the respondent in not considering the petitioner's exemption claim and directed them to dispose of the rectification application filed by the petitioner. The Court granted the respondent the authority to determine the petitioner's entitlement to the exemption during the disposal process, with a strict timeline of six weeks for completion.
Seeking amendment of bill of entry - The High Court acknowledged the oversight by the respondent in not considering the petitioner's exemption claim and directed them to dispose of the rectification application filed by the petitioner. The Court granted the respondent the authority to determine the petitioner's entitlement to the exemption during the disposal process, with a strict timeline of six weeks for completion.
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