Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Page of 4809
Press 'Enter' after typing page number.
2021 to 2040 of 96177 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 37A could be invoked on a continuing contravention that extended beyond its insertion, and the appeal was maintainable by the Union of India as an aggrieved person through an authorised officer. The Tribunal held that false answers in ODI filings could not be excused by later form changes, and that protective seizure under Section 37A was wrongly set aside on that basis. It also found the Competent Authority's acceptance of step-down subsidiary reporting compliance and bona fide use of ODI funds to be perverse for want of supporting material. Alleged denial of natural justice was rejected because the respondent had received summons, filed replies, and obtained further time. The impugned order was set aside and the seizure restored.
Section 37A could be invoked on a continuing contravention that extended beyond its insertion, and the appeal was maintainable by the Union of India as an aggrieved person through an authorised officer. The Tribunal held that false answers in ODI filings could not be excused by later form changes, and that protective seizure under Section 37A was wrongly set aside on that basis. It also found the Competent Authority's acceptance of step-down subsidiary reporting compliance and bona fide use of ODI funds to be perverse for want of supporting material. Alleged denial of natural justice was rejected because the respondent had received summons, filed replies, and obtained further time. The impugned order was set aside and the seizure restored.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
