Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The DSC allowed DRI's application u/s 311 CrPC to bring additional evidence, subject to payment of Rs. 50,000 cost to DLSA. The court opined that despite inordinate delay by DRI in filing the case for alleged duty evasion, there is no limitation for taking cognizance of economic offences. The cost was imposed on DRI for the lapse of not submitting the evidence earlier, to be deducted from the responsible officer's salary and not burdening the exchequer. The additional evidence pertaining to import duty evasion, specifically the thickness of the imported item (0.6 mm), was deemed relevant for adjudication.
The DSC allowed DRI's application u/s 311 CrPC to bring additional evidence, subject to payment of Rs. 50,000 cost to DLSA. The court opined that despite inordinate delay by DRI in filing the case for alleged duty evasion, there is no limitation for taking cognizance of economic offences. The cost was imposed on DRI for the lapse of not submitting the evidence earlier, to be deducted from the responsible officer's salary and not burdening the exchequer. The additional evidence pertaining to import duty evasion, specifically the thickness of the imported item (0.6 mm), was deemed relevant for adjudication.
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