Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
AT dismissed the appeal challenging a provisional attachment order under the PMLA, holding that the impugned properties constituted proceeds of crime derived from scheduled offences involving fraudulent loan obtainment. The Tribunal found the underlying decree was obtained ex parte, the bank suffered pecuniary loss, and a prima facie quid pro quo nexus existed through a contrived chain of transfers among interconnected accounts. Transfers to an intermediary and subsequent conveyance to the Appellant were held to be sham, with consideration routed back the same day, evidencing an attempt to disguise illicit receipts. Consequently the attachment was sustained as lawful and the appellate challenge unsustainable, and the appeal was dismissed.
AT dismissed the appeal challenging a provisional attachment order under the PMLA, holding that the impugned properties constituted proceeds of crime derived from scheduled offences involving fraudulent loan obtainment. The Tribunal found the underlying decree was obtained ex parte, the bank suffered pecuniary loss, and a prima facie quid pro quo nexus existed through a contrived chain of transfers among interconnected accounts. Transfers to an intermediary and subsequent conveyance to the Appellant were held to be sham, with consideration routed back the same day, evidencing an attempt to disguise illicit receipts. Consequently the attachment was sustained as lawful and the appellate challenge unsustainable, and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
