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 declined to adjudicate the merits and confined review to the provisional release order, finding certain onerous conditions susceptible to modification; accordingly the HC modified those conditions and directed the respondents to release the seized goods upon compliance with the revised conditions, including execution of bonds for differential duty and adjudication levies as appropriate, while permitting the Department to continue adjudication proceedings. The petitioner was ordered to cooperate to enable expeditious completion of adjudication. The writ petition challenging the provisional release conditions was disposed of consistent with these directions.
The HC declined to adjudicate the merits and confined review to the provisional release order, finding certain onerous conditions susceptible to modification; accordingly the HC modified those conditions and directed the respondents to release the seized goods upon compliance with the revised conditions, including execution of bonds for differential duty and adjudication levies as appropriate, while permitting the Department to continue adjudication proceedings. The petitioner was ordered to cooperate to enable expeditious completion of adjudication. The writ petition challenging the provisional release conditions was disposed of consistent with these directions.
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