Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Territorial jurisdiction for a money-laundering offence may lie with any Special Court covering a local area where proceeds of crime are derived, obtained, concealed, possessed, acquired, used or projected as untainted property. The notes state that acquisition of alleged proceeds and attachment of related land at Gurugram made institution there competent, while concealment of proceeds attached at Delhi also created concurrent jurisdiction. Where the connected scheduled offence had been transferred to Delhi, transferring the PMLA proceeding there was considered expedient so that both matters could be tried by a Special Court having jurisdiction over the laundering offence. The proceeding was to continue at its existing stage.
Territorial jurisdiction for a money-laundering offence may lie with any Special Court covering a local area where proceeds of crime are derived, obtained, concealed, possessed, acquired, used or projected as untainted property. The notes state that acquisition of alleged proceeds and attachment of related land at Gurugram made institution there competent, while concealment of proceeds attached at Delhi also created concurrent jurisdiction. Where the connected scheduled offence had been transferred to Delhi, transferring the PMLA proceeding there was considered expedient so that both matters could be tried by a Special Court having jurisdiction over the laundering offence. The proceeding was to continue at its existing stage.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
