Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Provisional attachment was sustained where material showed cash...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and provident fund.
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
Provisional attachment was sustained where material showed cash deposits, routing and layering through bank accounts, fixed deposits, shares and investments, and the persons concerned failed to explain the source of funds. The article notes that pending charges in the TET-2014 recruitment matter established the continuing scheduled-offence basis, while supplied documents and a detailed response defeated the natural-justice challenge. Property acquired before the alleged crime could be attached as property of equivalent value when actual proceeds were unavailable or laundered. Business and joint accounts were treated as containing proceeds of crime where purported consultancy or online-class receipts and cash deposits lacked credible explanation. Attachment was modified only to release pension, gratuity and provident fund amounts; salary, honorarium and other funds remained attached.
Provisional attachment was sustained where material showed cash deposits, routing and layering through bank accounts, fixed deposits, shares and investments, and the persons concerned failed to explain the source of funds. The article notes that pending charges in the TET-2014 recruitment matter established the continuing scheduled-offence basis, while supplied documents and a detailed response defeated the natural-justice challenge. Property acquired before the alleged crime could be attached as property of equivalent value when actual proceeds were unavailable or laundered. Business and joint accounts were treated as containing proceeds of crime where purported consultancy or online-class receipts and cash deposits lacked credible explanation. Attachment was modified only to release pension, gratuity and provident fund amounts; salary, honorarium and other funds remained attached.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
