Consultancy fees claimed as business expense-can tax disallowance rest on survey suspicion despite invoices, contracts and bank trail? Appeal dismisse...
Page of 4819
Press 'Enter' after typing page number.
7501 to 7520 of 96365 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Failure to issue a show cause notice within the period prescribed under s.110(2) of the Customs Act, 1962 was held to vitiate continued retention of seized Indian currency, since any seizure effected under s.110(1) mandatorily attracts strict compliance with s.110(2) irrespective of whether the currency was seized from a passenger or otherwise; consequently, the seizure memo was quashed and return of the currency was directed. On ownership, the petitioner's claim was accepted on the basis of supporting documents including tax return and balance sheet, with the undisputed familial relationship to the person from whose custody the currency was recovered; consequently, release was ordered within eight weeks. - HC
Failure to issue a show cause notice within the period prescribed under s.110(2) of the Customs Act, 1962 was held to vitiate continued retention of seized Indian currency, since any seizure effected under s.110(1) mandatorily attracts strict compliance with s.110(2) irrespective of whether the currency was seized from a passenger or otherwise; consequently, the seizure memo was quashed and return of the currency was directed. On ownership, the petitioner's claim was accepted on the basis of supporting documents including tax return and balance sheet, with the undisputed familial relationship to the person from whose custody the currency was recovered; consequently, release was ordered within eight weeks. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
