Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Knowing assistance in handling proceeds of crime falls within money-laundering where a person knowingly participates in processes connected with concealment, possession, acquisition, use or projection of tainted property as untainted. The material described alleged that funds from a scheduled offence were routed through the petitioner and substantially retransferred to personal accounts rather than used for the stated construction purpose, indicating prima facie active participation in transferring, concealing and disbursing such funds. The complaint was therefore not quashed. Parity with a bank Branch Manager was unavailable because the earlier quashing rested on no specific material against that manager, whereas the petitioner was attributed specific acts involving tainted funds.
Knowing assistance in handling proceeds of crime falls within money-laundering where a person knowingly participates in processes connected with concealment, possession, acquisition, use or projection of tainted property as untainted. The material described alleged that funds from a scheduled offence were routed through the petitioner and substantially retransferred to personal accounts rather than used for the stated construction purpose, indicating prima facie active participation in transferring, concealing and disbursing such funds. The complaint was therefore not quashed. Parity with a bank Branch Manager was unavailable because the earlier quashing rested on no specific material against that manager, whereas the petitioner was attributed specific acts involving tainted funds.
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