Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
Retention of seized cash, documents and digital devices under PMLA was upheld because the appellant had been supplied the only relied upon documents, namely the panchnamas, and no procedural illegality or breach of natural justice was shown. The Tribunal also found that the appellant failed to explain the source of the seized cash; the later claim that it represented scrap-sale proceeds was unsupported by reliable particulars. In view of the material linking the appellant to the main accused and the prosecution complaint seeking confiscation of the cash, the retention order was sustained, subject to the result of the trial.
Retention of seized cash, documents and digital devices under PMLA was upheld because the appellant had been supplied the only relied upon documents, namely the panchnamas, and no procedural illegality or breach of natural justice was shown. The Tribunal also found that the appellant failed to explain the source of the seized cash; the later claim that it represented scrap-sale proceeds was unsupported by reliable particulars. In view of the material linking the appellant to the main accused and the prosecution complaint seeking confiscation of the cash, the retention order was sustained, subject to the result of the trial.
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