Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
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The Appellate Tribunal considered a case involving contravention of section 9(1)(f)(i) of FERA 1973. The appellant argued lack of material and violation of natural justice, requesting cross-examination of Sudhir Kapadia. The order lacked evidence linking the appellant to the alleged contravention. Sudhir Kapadia's statement was the sole basis, but he retracted it. The appellant was denied the opportunity to cross-examine him. The Tribunal found insufficient evidence against the appellant and set aside the order, highlighting the need for proper evidence and fair procedure.
The Appellate Tribunal considered a case involving contravention of section 9(1)(f)(i) of FERA 1973. The appellant argued lack of material and violation of natural justice, requesting cross-examination of Sudhir Kapadia. The order lacked evidence linking the appellant to the alleged contravention. Sudhir Kapadia's statement was the sole basis, but he retracted it. The appellant was denied the opportunity to cross-examine him. The Tribunal found insufficient evidence against the appellant and set aside the order, highlighting the need for proper evidence and fair procedure.
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