Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
Inter-agency information sharing under PMLA is permitted where the Director or authorised officer forms an opinion that another law has been contravened; the communication may properly be sent to the concerned agency for action. The text rejects the view that such disclosure is confined to PMLA offences or barred by FEMA powers, treating both statutes as cognate fields to be read together. It also states that, at the investigation stage, the court looks only for prima facie material: allegations of foreign-fund withdrawals linked to extremist activity were treated as sufficient to justify continued investigation, and the FIR was not to be quashed at the incipient stage.
Inter-agency information sharing under PMLA is permitted where the Director or authorised officer forms an opinion that another law has been contravened; the communication may properly be sent to the concerned agency for action. The text rejects the view that such disclosure is confined to PMLA offences or barred by FEMA powers, treating both statutes as cognate fields to be read together. It also states that, at the investigation stage, the court looks only for prima facie material: allegations of foreign-fund withdrawals linked to extremist activity were treated as sufficient to justify continued investigation, and the FIR was not to be quashed at the incipient stage.
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