Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Conditions for provisional release of seized imported commercial goods were held excessive once the differential duty and interest were already secured. The Tribunal noted that the goods were not prohibited and were intended for further manufacture; in one matter, a cash deposit exceeded the secured amount, and in the other, a bond for full value with bank guarantee covering the differential duty and interest had already been furnished and release had followed. It held that revenue interest stood adequately protected, so further insistence was beyond reasonable limits. The release terms were modified and release of the seized goods was directed on execution of a bond for full value.
Conditions for provisional release of seized imported commercial goods were held excessive once the differential duty and interest were already secured. The Tribunal noted that the goods were not prohibited and were intended for further manufacture; in one matter, a cash deposit exceeded the secured amount, and in the other, a bond for full value with bank guarantee covering the differential duty and interest had already been furnished and release had followed. It held that revenue interest stood adequately protected, so further insistence was beyond reasonable limits. The release terms were modified and release of the seized goods was directed on execution of a bond for full value.
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