Scientific research approval grants a research association tax recognition, subject to annual donor reporting, certification, and regulatory complianc...
Judicial discipline requires consistent reassessment treatment where identical facts were decided for the same taxpayer in the preceding assessment ye...
The HC dismissed the appeals and upheld the Single Judge's decision, holding that the Compounding Authority correctly returned the appellants' compounding applications where the Enforcement Directorate had characterized the contraventions under Section 13(1) read with Section 42 of FEMA, 1999 as serious and involving suspected money laundering. Applying the proviso to Rule 8(2), the court held that once the ED expresses that view the Compounding Authority must remit the matter to the Adjudicating Authority for adjudication and need not independently reassess seriousness. The appellants' challenge to the return of applications was rejected and the writ petitions were properly dismissed.
The HC dismissed the appeals and upheld the Single Judge's decision, holding that the Compounding Authority correctly returned the appellants' compounding applications where the Enforcement Directorate had characterized the contraventions under Section 13(1) read with Section 42 of FEMA, 1999 as serious and involving suspected money laundering. Applying the proviso to Rule 8(2), the court held that once the ED expresses that view the Compounding Authority must remit the matter to the Adjudicating Authority for adjudication and need not independently reassess seriousness. The appellants' challenge to the return of applications was rejected and the writ petitions were properly dismissed.
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