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...
Provisional attachment under s.5(1) PMLA was challenged as invalid for want of recorded apprehension that the property was likely to be concealed, transferred, or dealt with to frustrate confiscation. It was held that "reasons to believe" may be formed on the likelihood of alienation, and the competent authority had recorded a conclusion that non-attachment would likely frustrate proceedings, satisfying s.5(1). The attachment was also assailed on valuation, contending mismatch between proceeds of crime and property value and seeking independent valuation. It was held that no statutory provision permits an independent valuation at the instance of the noticee, and the property value adopted was lower than the proceeds of crime; the challenge failed and the appeal was dismissed. - AT
Provisional attachment under s.5(1) PMLA was challenged as invalid for want of recorded apprehension that the property was likely to be concealed, transferred, or dealt with to frustrate confiscation. It was held that "reasons to believe" may be formed on the likelihood of alienation, and the competent authority had recorded a conclusion that non-attachment would likely frustrate proceedings, satisfying s.5(1). The attachment was also assailed on valuation, contending mismatch between proceeds of crime and property value and seeking independent valuation. It was held that no statutory provision permits an independent valuation at the instance of the noticee, and the property value adopted was lower than the proceeds of crime; the challenge failed and the appeal was dismissed. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
