Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Cancellation of private bonded warehouse license u/s 58B of Customs Act, 1962 due to non-compliance with CBIC Circular No. 34/2019 regarding mentioning licensed premises as principal or additional place of business in GST registration, non-submission of documents on online portal, and non-importation or manufacturing activity for 9 months. Held: Typographical error in mentioning wrong address curable, not registering on portal due to ignorance curable, non-operation not a violation. Penalty on appellant reduced to Rs. 50,000, license restored upon payment, address corrected. Penalties on individuals set aside. Appeal allowed.
Cancellation of private bonded warehouse license u/s 58B of Customs Act, 1962 due to non-compliance with CBIC Circular No. 34/2019 regarding mentioning licensed premises as principal or additional place of business in GST registration, non-submission of documents on online portal, and non-importation or manufacturing activity for 9 months. Held: Typographical error in mentioning wrong address curable, not registering on portal due to ignorance curable, non-operation not a violation. Penalty on appellant reduced to Rs. 50,000, license restored upon payment, address corrected. Penalties on individuals set aside. Appeal allowed.
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