SC granted liberty to petitioner to raise all legal and factual ...

Supreme Court Allows Petitioner to Challenge Black Money and FEOA Proceedings Before Designated Authority u/ss 4, 10, 12.

January 25, 2025

Case Laws Income Tax SC

SC granted liberty to petitioner to raise all legal and factual contentions before concerned authority under Black Money Act and Fugitive Economic Offenders Act, 2018. The challenge pertained to summoning order and proceedings under s.482 CrPC seeking quashing of miscellaneous application filed under ss.4, 10, and 12 of FEOA. Court directed that when petitioner raises contentions, authority shall consider them on merits per FEOA provisions without being influenced by HC's observations in disposed writ petition. Impugned Delhi HC order [2024 (11) TMI 649] shall not impede petitioner from presenting available defenses before designated authority.

View Source

← Previous Next →

SC granted liberty to petitioner to raise all legal and factual ...

Supreme Court Allows Petitioner to Challenge Black Money and FEOA Proceedings Before Designated Authority u/ss 4, 10, 12.

January 25, 2025

Case Laws Income Tax SC

You may also like:

HC ruled that Black Money Act proceedings cannot continue where income was declared and settled under Chapter XIX-A of Income Tax Act prior to Black Money Act...

Rejection of an application filed u/s 10 of the Insolvency and Bankruptcy Code (IBC) by the Appellant, where the State Bank of India (SBI) had initiated proceedings u/s...

Rate of duty of excise increased from 10% to 12% and 1% to 2%

Rate of service tax increased from 10% to 12%

Benefit of the provisions of Section 10 (23C)(iiiab) - There is a sweeping difference in according the any assessee to the provisions of Section 12AA and Section...

The petition filed u/ss 4, 10, and 12 of the Fugitive Economic Offenders Act challenges the summoning order and seeks to quash the miscellaneous application. The court...

Customs broker's license revocation order set aside due to lack of evidence for alleged violations. Key findings: no proof of misdeclaration or undervaluation to...

Tax credit under article 23(2) of India Japan Double Taxation Avoidance Agreement ['Indo Japanese tax treaty'] - on the peculiarities of Indo Japanese tax treaty...

The assessee received amounts from Indian customers for supplying software updates, patches, and on-call support services. The issue pertained to taxability of these...

Income accrued in India - Fee for Technical/Included Services - whether the amount received by the assessee for various services, commonly known as centralized services,...

The ITAT ruled in favor of the taxpayer, determining that fabrication charges received could not be treated as "fees for technical services" under Article 12(4)(a) of...

The CESTAT allowed the appeal in part by modifying the impugned order. It set aside the revocation of the Customs Broker's license and forfeiture of security deposit, as...

The court held that Section 6(2)(b) of the Act treats the empowered officers under the SGST/UGST Act at the central level to be at par and does not prescribe for...

Proceedings initiated u/s 10 of Black Money Act - additions by treating the petitioner as a beneficial owner of Company - Proceedings under BM Act entails serious civil...

White Paper on Black Money.

Quick Updates: