Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
HC granted bail in a currency and gold smuggling case under Customs Act 1962, FEMA 1999, and FEMR 2000. While DRI intercepted accused at airport and recorded conversations with co-accused, prosecution lacked strong evidence linking conversations to specific transactions. Court emphasized that confessional statements u/s 108 of Customs Act, though admissible, require independent corroboration for conviction. Considering accused's clean criminal record, jail time since arrest, and undertaking to cooperate with trial, HC allowed bail application. Court noted need to examine whether seized gold falls under prohibited or restricted category during trial. Bail granted with conditions preventing evidence tampering and witness intimidation.
HC granted bail in a currency and gold smuggling case under Customs Act 1962, FEMA 1999, and FEMR 2000. While DRI intercepted accused at airport and recorded conversations with co-accused, prosecution lacked strong evidence linking conversations to specific transactions. Court emphasized that confessional statements u/s 108 of Customs Act, though admissible, require independent corroboration for conviction. Considering accused's clean criminal record, jail time since arrest, and undertaking to cooperate with trial, HC allowed bail application. Court noted need to examine whether seized gold falls under prohibited or restricted category during trial. Bail granted with conditions preventing evidence tampering and witness intimidation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
