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...
Bail under the PMLA may be considered more liberally where the accused's alleged role is limited, corroborative material is lacking, and the proviso to the bail threshold is implicated. The note records that a functional association with an organisation, without evidence linking the accused to specific money-laundering acts, or reliance on email identifiers and saved contacts alone, is not enough to refuse bail at the pre-trial stage. It also notes that the alleged funds formed only a small part of the case, their link to a scheduled offence was not prima facie shown, and prolonged incarceration with the trial still at the charge stage weighed against continued detention.
Bail under the PMLA may be considered more liberally where the accused's alleged role is limited, corroborative material is lacking, and the proviso to the bail threshold is implicated. The note records that a functional association with an organisation, without evidence linking the accused to specific money-laundering acts, or reliance on email identifiers and saved contacts alone, is not enough to refuse bail at the pre-trial stage. It also notes that the alleged funds formed only a small part of the case, their link to a scheduled offence was not prima facie shown, and prolonged incarceration with the trial still at the charge stage weighed against continued detention.
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