Authority rules B+G+31 service apartment is commercial building construction, not multi-storey residential for tax classification under RERA definitio...
Resale price method upheld for distribution; assessee's margins accepted and certain transfer-pricing adjustments deleted due to documented reimbursem...
The HC dismissed the appellant's reference, holding its jurisdiction under the statutory scheme is confined to questions of law and it cannot reappraise findings of fact settled by the Adjudicating Authority and Appellate Tribunal. The court found no perversity in the impugned factual inferences, upheld admissibility and corroborative value of statements and seized material, and concluded the respondent agency lawfully exercised confiscation powers over Indian currency and contraband. The appellant failed to discharge the shifted evidential onus to prove lawful source or lack of intent to illegally procure foreign exchange; the conduct and recoveries established attempted contravention. Consequently, the adjudicatory and appellate orders were affirmed and the appeal dismissed.
The HC dismissed the appellant's reference, holding its jurisdiction under the statutory scheme is confined to questions of law and it cannot reappraise findings of fact settled by the Adjudicating Authority and Appellate Tribunal. The court found no perversity in the impugned factual inferences, upheld admissibility and corroborative value of statements and seized material, and concluded the respondent agency lawfully exercised confiscation powers over Indian currency and contraband. The appellant failed to discharge the shifted evidential onus to prove lawful source or lack of intent to illegally procure foreign exchange; the conduct and recoveries established attempted contravention. Consequently, the adjudicatory and appellate orders were affirmed and the appeal dismissed.
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