Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The HC held that an unregistered Agreement to Sell does not constitute a conveyance under Ss. 54 and 55 of the TP Act, 1882 and does not transfer any right, title or interest in immovable property, save the limited protection under S. 53A. Accordingly, Respondent No. 1 had no legal title over the subject flat; ownership vested in the company under liquidation. The transactions between Respondent No. 1 and the said company were found not to be bona fide. The HC held that the ED was acting within its statutory powers under the PMLA, 2002 in provisionally attaching the property as equivalent to the value of proceeds of crime. The appeal was disposed of, with the attachment order effectively sustained.
The HC held that an unregistered Agreement to Sell does not constitute a conveyance under Ss. 54 and 55 of the TP Act, 1882 and does not transfer any right, title or interest in immovable property, save the limited protection under S. 53A. Accordingly, Respondent No. 1 had no legal title over the subject flat; ownership vested in the company under liquidation. The transactions between Respondent No. 1 and the said company were found not to be bona fide. The HC held that the ED was acting within its statutory powers under the PMLA, 2002 in provisionally attaching the property as equivalent to the value of proceeds of crime. The appeal was disposed of, with the attachment order effectively sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
