Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
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