SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Provisional attachment of cash as proceeds of crime requires a demonstrated nexus between the property and the scheduled offence. Evidence of a double-trip mechanism, supported by the truck driver's statement, showed excise-duty evasion through repeated use of transport documents. The warehouse owner did not independently corroborate the claimed bank withdrawal or receipts from traders; a cash book retained in the owner's custody lacked independent evidentiary value. The absence of bank records, investigative material, and increased declared income established the nexus between the seized cash and illicit country-liquor transactions, so the cash was treated as proceeds of crime and the attachment remained in force.
Provisional attachment of cash as proceeds of crime requires a demonstrated nexus between the property and the scheduled offence. Evidence of a double-trip mechanism, supported by the truck driver's statement, showed excise-duty evasion through repeated use of transport documents. The warehouse owner did not independently corroborate the claimed bank withdrawal or receipts from traders; a cash book retained in the owner's custody lacked independent evidentiary value. The absence of bank records, investigative material, and increased declared income established the nexus between the seized cash and illicit country-liquor transactions, so the cash was treated as proceeds of crime and the attachment remained in force.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
