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 ...
Revocation of customs broker license and forfeiture of security deposit due to diversion of goods, breach of Customs Act, 1962, and Customs Broker Licencing Regulations, 2018. Failure to adhere to regulations on client authorizations, compliance advice, due diligence, speed, and verifications. Licensing authority's presumption of obligations for revocation questioned. Customs brokers' role as facilitators between customs and clients emphasized. Need for proper inquiry into breaches before revocation. Flawed proceedings and outcome lead to remand for fresh decisions. CESTAT allows appeal for remand.
Revocation of customs broker license and forfeiture of security deposit due to diversion of goods, breach of Customs Act, 1962, and Customs Broker Licencing Regulations, 2018. Failure to adhere to regulations on client authorizations, compliance advice, due diligence, speed, and verifications. Licensing authority's presumption of obligations for revocation questioned. Customs brokers' role as facilitators between customs and clients emphasized. Need for proper inquiry into breaches before revocation. Flawed proceedings and outcome lead to remand for fresh decisions. CESTAT allows appeal for remand.
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