Human-probability test defeats political donation deductions where banking records mask accommodation-entry fund layering rather than genuine contribu...
Electronic evidence and search statements in tax assessments require authenticity review and corroboration, while procedural manuals lack statutory fo...
Tariff rate quota authorisations govern preferential imports of specified New Zealand goods through export certification and electronic customs debiti...
Electronic Continuity Bond Registration replaces manual container permissions, with quarterly reporting and re-export monitoring for duty-free contain...
The court examined the validity of search and seizure u/s 132, focusing on the scope of Revenue's power and the "reasons to believe" requirement. It held that the 'satisfaction note' lacked material relating to discrete inquiry and information gathered, failing to reflect the basis for believing the petitioners would not disclose possession of money. The court distinguished "reasons to believe" from "reasons to suspect," emphasizing that the competent authority must have cogent incriminating material prior to seizure to record satisfaction. Mere suspicion or unexplained possession of amount cannot justify action u/s 132. Consequently, the impugned search and seizure was set aside, and the seized amount ordered to be returned, without precluding further lawful proceedings against the petitioners.
The court examined the validity of search and seizure u/s 132, focusing on the scope of Revenue's power and the "reasons to believe" requirement. It held that the 'satisfaction note' lacked material relating to discrete inquiry and information gathered, failing to reflect the basis for believing the petitioners would not disclose possession of money. The court distinguished "reasons to believe" from "reasons to suspect," emphasizing that the competent authority must have cogent incriminating material prior to seizure to record satisfaction. Mere suspicion or unexplained possession of amount cannot justify action u/s 132. Consequently, the impugned search and seizure was set aside, and the seized amount ordered to be returned, without precluding further lawful proceedings against the petitioners.
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TaxTMI 
TaxTMI 
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