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    Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
    Burden of proof for notified gold shifts on recovery from controlled premises; penalty sustained but reduced on quantum.
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      Petition for discharge u/s 245(2) Cr.P.C. dismissed in offences...

      Petition for Discharge Dismissed in Case Involving Improper Gold Import; Court Finds Sufficient Grounds to Proceed.

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      CustomsSeptember 26, 2024Case LawsHC
      Petition for discharge u/s 245(2) Cr.P.C. dismissed in offences u/s 135(1)(a) and 135(1)(b) of Customs Act, 1962 relating to improperly imported gold bars. At charge framing stage, court to prima facie consider sufficient grounds for proceeding against accused, not appreciate evidence for conviction. While considering discharge, court not to deeply evaluate probative value but form presumptive opinion on factual ingredients constituting alleged offence without roving inquiry or weighing evidence as in trial. Gold seized from pillion rider's possession, petitioner's involvement matter for trial. Sanction order challenged on ground of not considering evidence nature, role and mens rea, but petitioner neither specified facts not considered nor showed apparent error. No evidence produced to enable Magistrate find charge groundless. Dismissal of discharge petition cannot be faulted, revision devoid of merits, liable to be dismissed.

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      ActsIncome Tax