Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
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...
Provisional attachment under the money-laundering regime was upheld because an interim order in the predicate criminal case did not amount to quashing, discharge, or acquittal, and therefore did not by itself invalidate a duly made attachment. The Tribunal also noted divergent views on a single-Member Adjudicating Authority coram, but treated the appeal as subject to the Supreme Court's final ruling on that question rather than allowing the objection outright. On proceeds of crime, it accepted that the definition includes the value of tainted property, so attachment may extend to property of equivalent value where the original assets have been laundered, siphoned off, or are otherwise unavailable, even if such property was acquired before the offence.
Provisional attachment under the money-laundering regime was upheld because an interim order in the predicate criminal case did not amount to quashing, discharge, or acquittal, and therefore did not by itself invalidate a duly made attachment. The Tribunal also noted divergent views on a single-Member Adjudicating Authority coram, but treated the appeal as subject to the Supreme Court's final ruling on that question rather than allowing the objection outright. On proceeds of crime, it accepted that the definition includes the value of tainted property, so attachment may extend to property of equivalent value where the original assets have been laundered, siphoned off, or are otherwise unavailable, even if such property was acquired before the offence.
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