Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The Tribunal held that the 180-day period for provisional attachment was saved by exclusion of the Covid-19 period from 15.03.2020 to 28.02.2022, so the impugned orders were within time. It rejected challenges to maintainability, finding the predicate offence and money-laundering allegations supported by the FIR, ECIR, money trail, statements, and unexplained diversion of funds, while the Supreme Court interim order did not bar attachment proceedings. It further held that the appellants failed to prove a legitimate source for jewellery and immovable properties in family members' names, and that Section 8(3) empowers retention or continuation of freezing without a prior Section 20 order. All appeals were dismissed.
The Tribunal held that the 180-day period for provisional attachment was saved by exclusion of the Covid-19 period from 15.03.2020 to 28.02.2022, so the impugned orders were within time. It rejected challenges to maintainability, finding the predicate offence and money-laundering allegations supported by the FIR, ECIR, money trail, statements, and unexplained diversion of funds, while the Supreme Court interim order did not bar attachment proceedings. It further held that the appellants failed to prove a legitimate source for jewellery and immovable properties in family members' names, and that Section 8(3) empowers retention or continuation of freezing without a prior Section 20 order. All appeals were dismissed.
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