Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
PMLA twin conditions for regular bail were not satisfied because the corporate executive failed to show reasonable grounds for believing that he was not guilty of money laundering or unlikely to commit an offence while on bail. Alleged undervalued sales of corporate land under revoked board resolutions, diversion of unrecorded cash, and non-compliance with asset-disposal safeguards for depositor repayment indicated possible proceeds-of-crime laundering rather than a merely corporate or civil irregularity. Continuing investigation, absconding co-accused, and risks of witness intimidation and data manipulation further supported refusal of bail. Age, detention, medical grounds, and parity with a land broker did not displace the statutory requirements. Regular bail was refused and the application dismissed.
PMLA twin conditions for regular bail were not satisfied because the corporate executive failed to show reasonable grounds for believing that he was not guilty of money laundering or unlikely to commit an offence while on bail. Alleged undervalued sales of corporate land under revoked board resolutions, diversion of unrecorded cash, and non-compliance with asset-disposal safeguards for depositor repayment indicated possible proceeds-of-crime laundering rather than a merely corporate or civil irregularity. Continuing investigation, absconding co-accused, and risks of witness intimidation and data manipulation further supported refusal of bail. Age, detention, medical grounds, and parity with a land broker did not displace the statutory requirements. Regular bail was refused and the application dismissed.
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