Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The High Court dismissed an anticipatory bail application u/s 438 CrPC in a smuggling case involving seizure of foreign-origin gold and cash. The applicant, claiming ownership of a gold business, failed to prove legitimacy of seized items. Lack of cooperation with DRI, non-response to summons, and absence of satisfactory explanations regarding cash and sales transactions led to rejection of bail. The economic nature of the offence, potential 7-year sentence, and insufficient evidence resulted in denial of anticipatory bail. Merely the submission that the seized items belong to the applicant and his firm and he is ready to pay the penalties and fee does not absolve the applicant from explaining with particularity regarding the huge quantum of cash, gold and ornaments record.
The High Court dismissed an anticipatory bail application u/s 438 CrPC in a smuggling case involving seizure of foreign-origin gold and cash. The applicant, claiming ownership of a gold business, failed to prove legitimacy of seized items. Lack of cooperation with DRI, non-response to summons, and absence of satisfactory explanations regarding cash and sales transactions led to rejection of bail. The economic nature of the offence, potential 7-year sentence, and insufficient evidence resulted in denial of anticipatory bail. Merely the submission that the seized items belong to the applicant and his firm and he is ready to pay the penalties and fee does not absolve the applicant from explaining with particularity regarding the huge quantum of cash, gold and ornaments record.
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