Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Page of 4798
Press 'Enter' after typing page number.
1801 to 1820 of 95957 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Prior attachment under PMLA had to be disclosed by parties appearing in response to the PBPT notice, and withholding that fact prevented them from later attacking the benami proceedings on the ground that there was no apprehension of alienation. The Tribunal held that, had the earlier attachment been disclosed, the Initiating Officer could have revoked the provisional attachment under section 24(3) and proceeded under the alternative attachment route in section 24(4)(b)(i). Because there was no material that the officer knew of the prior PMLA attachment, the challenge failed and the confirmed attachment under the PBPT Act was upheld; Maple Destination was distinguished as factually and statutorily different.
Prior attachment under PMLA had to be disclosed by parties appearing in response to the PBPT notice, and withholding that fact prevented them from later attacking the benami proceedings on the ground that there was no apprehension of alienation. The Tribunal held that, had the earlier attachment been disclosed, the Initiating Officer could have revoked the provisional attachment under section 24(3) and proceeded under the alternative attachment route in section 24(4)(b)(i). Because there was no material that the officer knew of the prior PMLA attachment, the challenge failed and the confirmed attachment under the PBPT Act was upheld; Maple Destination was distinguished as factually and statutorily different.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
