Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
The HC held the revocation/penalty proceeding against the petitioner time-barred and quashed, directing that Regulation 17(1) CBLR, 2018 requires initiation within 90 days from receipt of an official offence report; the 2018 Regulations expressly define "offence report," which must emanate from an official source and need not follow any particular format. The respondent/licensing authority bore the burden to prove when its office received the offence report or prohibitory order but failed to do so and did not identify the triggering offence report or produce supporting material. Consequently the impugned proceeding was barred by limitation and the writ petition was allowed.
The HC held the revocation/penalty proceeding against the petitioner time-barred and quashed, directing that Regulation 17(1) CBLR, 2018 requires initiation within 90 days from receipt of an official offence report; the 2018 Regulations expressly define "offence report," which must emanate from an official source and need not follow any particular format. The respondent/licensing authority bore the burden to prove when its office received the offence report or prohibitory order but failed to do so and did not identify the triggering offence report or produce supporting material. Consequently the impugned proceeding was barred by limitation and the writ petition was allowed.
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