Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Retention of seized property under the Prevention of Money...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitation.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Retention of seized property under the Prevention of Money Laundering Act requires the Adjudicating Authority to record reasons to believe, based on available material, that the property is required for adjudication and represents proceeds of crime. The text states that examination of unexplained investments and unsecured loans supported retention of records, jewellery, cash and electronic devices. It further explains that a Supreme Court stay of an order quashing an ECIR renders the quashing order ineffective while the stay operates, reviving the prior position for continuation of proceedings. For limitation, the period during which investigation was stayed by a court is excluded; on that basis, the prosecution complaint was within time.
Retention of seized property under the Prevention of Money Laundering Act requires the Adjudicating Authority to record reasons to believe, based on available material, that the property is required for adjudication and represents proceeds of crime. The text states that examination of unexplained investments and unsecured loans supported retention of records, jewellery, cash and electronic devices. It further explains that a Supreme Court stay of an order quashing an ECIR renders the quashing order ineffective while the stay operates, reviving the prior position for continuation of proceedings. For limitation, the period during which investigation was stayed by a court is excluded; on that basis, the prosecution complaint was within time.
Note: It is a system-generated summary and is for quick reference only.