Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The High Court considered a case involving bribery and criminal liability, where an individual sought provisional release for monetary gain. The court held that the accused, a public servant, abused his position to obtain pecuniary gain for releasing a consignment, causing wrongful loss to the government. The court rejected the argument that finality of provisional release under the Customs Act absolves criminal liability. Witness statements and documents supported the conspiracy allegations. The court found sufficient prima facie evidence to proceed against the accused, leading to rejection of petitions and revision application.
The High Court considered a case involving bribery and criminal liability, where an individual sought provisional release for monetary gain. The court held that the accused, a public servant, abused his position to obtain pecuniary gain for releasing a consignment, causing wrongful loss to the government. The court rejected the argument that finality of provisional release under the Customs Act absolves criminal liability. Witness statements and documents supported the conspiracy allegations. The court found sufficient prima facie evidence to proceed against the accused, leading to rejection of petitions and revision application.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
