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 held that the Provisional Attachment Order for Rs. 2.84 crores against the appellant is set aside, as the funds were legitimately received through banking channels from share transfer to a third party. Regarding the Rs. 11 crores proceeds of crime, the parties agreed to maintain status quo, with property possession unchanged and no alienation permitted until trial conclusion. The attachment order was deemed improper as the appellant demonstrated a valid source of funds through a transparent financial transaction. Appeal partially allowed with specific directives preserving the property's current status pending final judicial determination.
AT held that the Provisional Attachment Order for Rs. 2.84 crores against the appellant is set aside, as the funds were legitimately received through banking channels from share transfer to a third party. Regarding the Rs. 11 crores proceeds of crime, the parties agreed to maintain status quo, with property possession unchanged and no alienation permitted until trial conclusion. The attachment order was deemed improper as the appellant demonstrated a valid source of funds through a transparent financial transaction. Appeal partially allowed with specific directives preserving the property's current status pending final judicial determination.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
