Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Credit for TDS reflected as deducted from the employee's income was denied solely because the employer failed to deposit the tax with the Central Government account. Applying the principle that an assessee cannot be prejudiced for the deductor's default where deduction is evidenced, the authority was directed to grant the TDS credit to the employee. Any recovery or adjustment already effected on account of the consequent demand was ordered to be refunded with statutory interest within eight weeks. - HC
Credit for TDS reflected as deducted from the employee's income was denied solely because the employer failed to deposit the tax with the Central Government account. Applying the principle that an assessee cannot be prejudiced for the deductor's default where deduction is evidenced, the authority was directed to grant the TDS credit to the employee. Any recovery or adjustment already effected on account of the consequent demand was ordered to be refunded with statutory interest within eight weeks. - HC
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