Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Writ petitions challenging arrests under PMLA were stated to be maintainable because they questioned the legality of deprivation of liberty, not the merits of the ECIR or bail. On the merits, the text says the arrests were unlawful because the Directorate relied on substantially the same earlier material and recycled allegations, without fresh tangible material to support the statutory reason to believe required for arrest. It also notes that arrest is not the first step in PMLA investigation: the summons power should be used first, yet no summons was issued or cooperation sought before arrest. The petitioners were directed to be released, while further action in accordance with law, including summons, remained open.
Writ petitions challenging arrests under PMLA were stated to be maintainable because they questioned the legality of deprivation of liberty, not the merits of the ECIR or bail. On the merits, the text says the arrests were unlawful because the Directorate relied on substantially the same earlier material and recycled allegations, without fresh tangible material to support the statutory reason to believe required for arrest. It also notes that arrest is not the first step in PMLA investigation: the summons power should be used first, yet no summons was issued or cooperation sought before arrest. The petitioners were directed to be released, while further action in accordance with law, including summons, remained open.
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