Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
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HC found detention of vehicle and goods under Section 129 was improper. Physical verification confirmed correct quantity and weight of goods against three invoices, with no discrepancy in broad product classifications. Inspecting authority exceeded scope by scrutinizing detailed specifications (pipe size, shutter, TMT Bar dimensions) not required in invoices. While product classification issues could be addressed in separate adjudication proceedings, current detention was unwarranted as there was no evidence of tax evasion or fact suppression. Court ordered release of vehicle and goods within four days of order service. Matter disposed with directive to authorities to comply with release order.
HC found detention of vehicle and goods under Section 129 was improper. Physical verification confirmed correct quantity and weight of goods against three invoices, with no discrepancy in broad product classifications. Inspecting authority exceeded scope by scrutinizing detailed specifications (pipe size, shutter, TMT Bar dimensions) not required in invoices. While product classification issues could be addressed in separate adjudication proceedings, current detention was unwarranted as there was no evidence of tax evasion or fact suppression. Court ordered release of vehicle and goods within four days of order service. Matter disposed with directive to authorities to comply with release order.
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