Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
HC held that the appeal is disposed and the Respondent (CHA) licence is restored subject to financial conditions. The Court affirmed that a three-year suspension sufficiently marks the misconduct and refused to disturb CESTAT's finding on liability for confiscation and prior suspension. The HC modified CESTAT's order: of the Rs. 5,00,000 security deposit, Rs. 2,00,000 is forfeited; the CHA's licence will be renewed upon deposit of an additional Rs. 2,00,000 to Customs; and a further sum of Rs. 2,00,000 must be deposited as a redemption/penalty payment. The balance of the appeal is dismissed.
HC held that the appeal is disposed and the Respondent (CHA) licence is restored subject to financial conditions. The Court affirmed that a three-year suspension sufficiently marks the misconduct and refused to disturb CESTAT's finding on liability for confiscation and prior suspension. The HC modified CESTAT's order: of the Rs. 5,00,000 security deposit, Rs. 2,00,000 is forfeited; the CHA's licence will be renewed upon deposit of an additional Rs. 2,00,000 to Customs; and a further sum of Rs. 2,00,000 must be deposited as a redemption/penalty payment. The balance of the appeal is dismissed.
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