Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The AT dismissed the Department's appeal and upheld the Special Director's refusal to confiscate Rs.89,70,000, concluding that no contravention of s.3(d) was made out because the alleged transfer was interrupted by enforcement action and never materialized; attempts to invoke s.3(c)/s.3(d) and penalty under s.13(2) did not justify confiscation. The tribunal declined to interfere with penalties of Rs.25,00,000 imposed on each appellant. Noting an unexplained 20-year retention, the AT directed the respondent to apply the withheld Rs.89,70,000 against the penalties and refund any surplus to the appellants. All appeals were disposed of accordingly.
The AT dismissed the Department's appeal and upheld the Special Director's refusal to confiscate Rs.89,70,000, concluding that no contravention of s.3(d) was made out because the alleged transfer was interrupted by enforcement action and never materialized; attempts to invoke s.3(c)/s.3(d) and penalty under s.13(2) did not justify confiscation. The tribunal declined to interfere with penalties of Rs.25,00,000 imposed on each appellant. Noting an unexplained 20-year retention, the AT directed the respondent to apply the withheld Rs.89,70,000 against the penalties and refund any surplus to the appellants. All appeals were disposed of accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
