Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Seized marketing 'welcome letters' and loose undated digital sheets were held insufficiently reliable to support additions for alleged suppression of sales absent signatures, buyer confirmations, bank-trace or other corroboration; extrapolation of undeclared sales by applying unauthenticated online portal asking rates was held speculative and inadmissible without seized evidence, buyer examination, comparable deeds or valuation; for unexplained cash credits the assessee discharged primary onus by producing identity, ledger entries, bank records and lender financials and repayments, and the AO failed to rebut with cogent material; approval by the range head for assessment proceedings was found to be non-mechanical. Operative effect: document-based and extrapolated additions and unexplained-loan additions were deleted, while approval validity was upheld.
Seized marketing 'welcome letters' and loose undated digital sheets were held insufficiently reliable to support additions for alleged suppression of sales absent signatures, buyer confirmations, bank-trace or other corroboration; extrapolation of undeclared sales by applying unauthenticated online portal asking rates was held speculative and inadmissible without seized evidence, buyer examination, comparable deeds or valuation; for unexplained cash credits the assessee discharged primary onus by producing identity, ledger entries, bank records and lender financials and repayments, and the AO failed to rebut with cogent material; approval by the range head for assessment proceedings was found to be non-mechanical. Operative effect: document-based and extrapolated additions and unexplained-loan additions were deleted, while approval validity was upheld.
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