Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Under the Prevention of Money Laundering Act, "proceeds of crime" may include property of equivalent value where property directly derived from scheduled criminal activity is unavailable or untraceable. Accordingly, property acquired before the relevant crime period may be attached as equivalent-value property. The notes state that the statutory burden lies on the person claiming lawful acquisition to substantiate the source of attached property and loan repayments. Explanations concerning cash deposits, bank credits and transfers must establish both their source and utilisation. On these stated grounds, the provisional attachment was confirmed.
Under the Prevention of Money Laundering Act, "proceeds of crime" may include property of equivalent value where property directly derived from scheduled criminal activity is unavailable or untraceable. Accordingly, property acquired before the relevant crime period may be attached as equivalent-value property. The notes state that the statutory burden lies on the person claiming lawful acquisition to substantiate the source of attached property and loan repayments. Explanations concerning cash deposits, bank credits and transfers must establish both their source and utilisation. On these stated grounds, the provisional attachment was confirmed.
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