Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Provisional attachment of fixed deposits was sustained as value of proceeds of crime where the Tribunal found an established fraud in the predicate case and a substantial nexus between the appellant and the accused company through common directorship and shareholding, including the accused company's 49.90% stake. It held that, given the magnitude of the fraud and the absence of available assets of the accused company and its Director, the appellant's deposits could be attached even without direct evidence of transfer of tainted funds from the accused company. The Tribunal rejected release of the deposits on the ground that they came from the appellant's own bank account, and the appeal was dismissed.
Provisional attachment of fixed deposits was sustained as value of proceeds of crime where the Tribunal found an established fraud in the predicate case and a substantial nexus between the appellant and the accused company through common directorship and shareholding, including the accused company's 49.90% stake. It held that, given the magnitude of the fraud and the absence of available assets of the accused company and its Director, the appellant's deposits could be attached even without direct evidence of transfer of tainted funds from the accused company. The Tribunal rejected release of the deposits on the ground that they came from the appellant's own bank account, and the appeal was dismissed.
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