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...
FEMA offences - Liability of person-in-charge of company - Investment in forex trading bitcoins traded in USD - Indian currency seized worth Rs. 1,97,03,000/- confiscated to Central Government account u/s 13(2) of FEMA, 1999. Enforcement Directorate's (ED) contention for remanding case to initiate fresh proceedings against respondents along with M/s Ambidant Marketing Pvt. Ltd. rejected due to: (1) No notice issued to Ambidant, revision petition not maintainable; (2) Ambidant not impleaded as party; (3) Ambidant incorporated in Dubai, beyond territorial jurisdiction; (4) Seized currency already confiscated; (5) Penalty not recovered, respondents untraceable; (6) Ambidant's operational status unknown; (7) Revisions without penalty realization attempt to favor noticees; (8) Revision filed after 10 months, time-barred. Appellate Tribunal's decision upheld.
FEMA offences - Liability of person-in-charge of company - Investment in forex trading bitcoins traded in USD - Indian currency seized worth Rs. 1,97,03,000/- confiscated to Central Government account u/s 13(2) of FEMA, 1999. Enforcement Directorate's (ED) contention for remanding case to initiate fresh proceedings against respondents along with M/s Ambidant Marketing Pvt. Ltd. rejected due to: (1) No notice issued to Ambidant, revision petition not maintainable; (2) Ambidant not impleaded as party; (3) Ambidant incorporated in Dubai, beyond territorial jurisdiction; (4) Seized currency already confiscated; (5) Penalty not recovered, respondents untraceable; (6) Ambidant's operational status unknown; (7) Revisions without penalty realization attempt to favor noticees; (8) Revision filed after 10 months, time-barred. Appellate Tribunal's decision upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
