Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
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Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The AT affirmed the provisional attachment of agricultural lands and bank accounts as benami transactions. The tribunal found that the properties were transferred to and held by alleged benamidars, with consideration provided by the beneficial owner. The transaction met key definitional requirements: property transferred/held by another, consideration paid by the beneficial owner, and property indirectly benefiting the person providing consideration. The tribunal rejected arguments of fiduciary exceptions, noting the beneficial owner's tight control over transactions through original documents, powers of attorney, and financial records. Consequently, the AT dismissed the appeals and confirmed the attachment under the Prohibition of Benami Property Transactions Act.
The AT affirmed the provisional attachment of agricultural lands and bank accounts as benami transactions. The tribunal found that the properties were transferred to and held by alleged benamidars, with consideration provided by the beneficial owner. The transaction met key definitional requirements: property transferred/held by another, consideration paid by the beneficial owner, and property indirectly benefiting the person providing consideration. The tribunal rejected arguments of fiduciary exceptions, noting the beneficial owner's tight control over transactions through original documents, powers of attorney, and financial records. Consequently, the AT dismissed the appeals and confirmed the attachment under the Prohibition of Benami Property Transactions Act.
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