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...
The High Court directed the respondent authorities to allow the petitioner to amend the shipping bills u/s 149 of the Customs Act, 1962, and process the claim for the Merchandise Exports From India Scheme (MEIS) benefit. The court held that when the substantive conditions are satisfied, the benefit cannot be denied due to a technical error or lacunae in the electronic system. The petitioner's non-declaration of intent to avail the MEIS benefit on the shipping bills was a curable defect, and the authorities were unjustified in denying the MEIS benefit. The petition was disposed of in favor of the petitioner.
The High Court directed the respondent authorities to allow the petitioner to amend the shipping bills u/s 149 of the Customs Act, 1962, and process the claim for the Merchandise Exports From India Scheme (MEIS) benefit. The court held that when the substantive conditions are satisfied, the benefit cannot be denied due to a technical error or lacunae in the electronic system. The petitioner's non-declaration of intent to avail the MEIS benefit on the shipping bills was a curable defect, and the authorities were unjustified in denying the MEIS benefit. The petition was disposed of in favor of the petitioner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
