Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Internal TNMM supports deletion of freight-forwarding adjustments where comparable non-AE transactions are separately identifiable and materially simi...
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AT upheld provisional attachment and dismissed the appeal, finding that appellant A's transfers to close relatives and cash investments could not be explained as legitimate savings and were largely derived from proceeds of crime connected to misappropriation of government funds. The Tribunal accepted respondents' computation that investments in healthcare infrastructure and capital subscriptions to M/s Pulse Sanjeevani Healthcare Pvt. Ltd. were financed predominantly by illicit funds, with bank loans insufficient to account for the outlays. Appellant P's unexplained cash deposits (≈Rs.73.81 lakhs), high-premium insurance payments and routing of cash through relatives (including B and C) evidenced money-laundering; seizure of cash corroborated involvement. No error found in the impugned order.
AT upheld provisional attachment and dismissed the appeal, finding that appellant A's transfers to close relatives and cash investments could not be explained as legitimate savings and were largely derived from proceeds of crime connected to misappropriation of government funds. The Tribunal accepted respondents' computation that investments in healthcare infrastructure and capital subscriptions to M/s Pulse Sanjeevani Healthcare Pvt. Ltd. were financed predominantly by illicit funds, with bank loans insufficient to account for the outlays. Appellant P's unexplained cash deposits (≈Rs.73.81 lakhs), high-premium insurance payments and routing of cash through relatives (including B and C) evidenced money-laundering; seizure of cash corroborated involvement. No error found in the impugned order.
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