Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
The HC held that provisional attachment of bank accounts under Section 110(5) lapsed by operation of law where the original orders limited attachment to six months and no recorded extension was made before expiry. Continuation beyond that period required a fresh, reasoned extension by the competent authority and notice to the affected person; a prior judicial order permitting limited operation of the accounts could not override the statutory time-limit or authorise automatic continuation. The attachment orders were therefore invalid and ineffective after expiry, and the petitioners were entitled to operate the bank accounts.
The HC held that provisional attachment of bank accounts under Section 110(5) lapsed by operation of law where the original orders limited attachment to six months and no recorded extension was made before expiry. Continuation beyond that period required a fresh, reasoned extension by the competent authority and notice to the affected person; a prior judicial order permitting limited operation of the accounts could not override the statutory time-limit or authorise automatic continuation. The attachment orders were therefore invalid and ineffective after expiry, and the petitioners were entitled to operate the bank accounts.
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