Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
The Tribunal interpreted "proceeds of crime" to include not only property directly or indirectly derived from a scheduled offence, but also property of equivalent value where the actual tainted property is unavailable. On that construction, provisional attachment can extend to immovable properties acquired before the check-period or even before commission of the offence, because the relevant question is whether equivalent-value attachment secures quantified proceeds of crime. The check-period used for assessing disproportionate assets was held to be distinct from the period relevant to attachment. As the value of the attached properties remained below the quantified proceeds of crime, the confirmation of provisional attachment was upheld.
The Tribunal interpreted "proceeds of crime" to include not only property directly or indirectly derived from a scheduled offence, but also property of equivalent value where the actual tainted property is unavailable. On that construction, provisional attachment can extend to immovable properties acquired before the check-period or even before commission of the offence, because the relevant question is whether equivalent-value attachment secures quantified proceeds of crime. The check-period used for assessing disproportionate assets was held to be distinct from the period relevant to attachment. As the value of the attached properties remained below the quantified proceeds of crime, the confirmation of provisional attachment was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
