Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Defreezing of bank accounts - Implication of Non-Reporting of Seizure Forthwith to the Magistrate - The Supreme Court judgment addresses the critical question of whether delayed reporting of seizures to the Magistrate under Section 102(3) Cr.P.C. nullifies the seizure order. The Court traced the legislative history and examined conflicting precedents, concluding that delayed reporting is a procedural irregularity rather than a substantive illegality. The Court defined the term "forthwith" and clarified that non-compliance with the reporting requirement does not invalidate the seizure. The validity of the seizure depends on the jurisdictional and substantive grounds, not procedural compliance. - In the present case, the Supreme Court overturned the High Court’s decision to de-freeze the bank accounts of the respondents, directing them to execute a bond to deposit the seized amount if found guilty.
Defreezing of bank accounts - Implication of Non-Reporting of Seizure Forthwith to the Magistrate - The Supreme Court judgment addresses the critical question of whether delayed reporting of seizures to the Magistrate under Section 102(3) Cr.P.C. nullifies the seizure order. The Court traced the legislative history and examined conflicting precedents, concluding that delayed reporting is a procedural irregularity rather than a substantive illegality. The Court defined the term "forthwith" and clarified that non-compliance with the reporting requirement does not invalidate the seizure. The validity of the seizure depends on the jurisdictional and substantive grounds, not procedural compliance. - In the present case, the Supreme Court overturned the High Court’s decision to de-freeze the bank accounts of the respondents, directing them to execute a bond to deposit the seized amount if found guilty.
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