Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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...
Under PMLA, property qualifies as proceeds of crime only if it is derived or obtained from an accomplished scheduled offence; dominion, control, possession or use become relevant only after that foundational nexus is established. The notes state that remuneration received for training was not prima facie linked to an accomplished scheduled offence, despite material requiring examination at trial. They also address regular bail, stating that statutory bail restrictions cannot support indefinite pre-trial detention where trial is unlikely to conclude within a reasonable time. Prolonged custody, absence of flight risk or witness-tampering concerns, and parity with co-accused supported release on regular bail subject to conditions.
Under PMLA, property qualifies as proceeds of crime only if it is derived or obtained from an accomplished scheduled offence; dominion, control, possession or use become relevant only after that foundational nexus is established. The notes state that remuneration received for training was not prima facie linked to an accomplished scheduled offence, despite material requiring examination at trial. They also address regular bail, stating that statutory bail restrictions cannot support indefinite pre-trial detention where trial is unlikely to conclude within a reasonable time. Prolonged custody, absence of flight risk or witness-tampering concerns, and parity with co-accused supported release on regular bail subject to conditions.
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