Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
Final benami adjudication bars contradictory tax-evasion prosecution where settlement findings confirm full disclosure and cooperation without conceal...
The case involves contravention of FERA provisions u/s 8(1), 48, and 49 r.w.s. 72(c) due to delivering cargo to Dubai instead of Russia, causing foreign exchange loss. Authenticity of incriminating letters confirmed. Suspected collusion between exporter, shipping company, and non-existent Russian buyers. Lack of legal action against shipping company raises suspicion. Appellant's diversion to Dubai contradicted export requirements. Failure to provide export documents strengthens case against appellant. Directors held liable u/s 68 FERA. Penalty upheld for company and director due to culpability in export irregularities.
The case involves contravention of FERA provisions u/s 8(1), 48, and 49 r.w.s. 72(c) due to delivering cargo to Dubai instead of Russia, causing foreign exchange loss. Authenticity of incriminating letters confirmed. Suspected collusion between exporter, shipping company, and non-existent Russian buyers. Lack of legal action against shipping company raises suspicion. Appellant's diversion to Dubai contradicted export requirements. Failure to provide export documents strengthens case against appellant. Directors held liable u/s 68 FERA. Penalty upheld for company and director due to culpability in export irregularities.
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TaxTMI 
TaxTMI 
of 4894 
