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...
AT overturned penalty imposed under FEMA Section 3(c) related to alleged Hawala transactions. Initially, Punjab Police seized funds and ED initiated investigation. While statements were recorded, the respondent retracted testimony at first opportunity. Investigation revealed incomplete car purchase transaction and appellant provided CA-certified cash book documenting fund source. AT found Adjudicating Officer failed to establish clear chain of events, trace key witness Rocky Singh, or document money trail. Given insufficient evidence and procedural gaps, AT directed waiver of penalty and release of confiscated amount within 30 days, highlighting importance of thorough investigation and documentary proof in FEMA cases.
AT overturned penalty imposed under FEMA Section 3(c) related to alleged Hawala transactions. Initially, Punjab Police seized funds and ED initiated investigation. While statements were recorded, the respondent retracted testimony at first opportunity. Investigation revealed incomplete car purchase transaction and appellant provided CA-certified cash book documenting fund source. AT found Adjudicating Officer failed to establish clear chain of events, trace key witness Rocky Singh, or document money trail. Given insufficient evidence and procedural gaps, AT directed waiver of penalty and release of confiscated amount within 30 days, highlighting importance of thorough investigation and documentary proof in FEMA cases.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
