Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
PMLA attachment preceding a compromise decree takes priority where ownership has not been transferred in execution of the compromise terms; the decree does not create rights in the attached property. A single Member (Finance) may validly confirm attachment because the statutory scheme permits a single-member bench with appellate review on facts and law. Property acquired before the scheduled offence is not automatically immune from attachment if it constitutes proceeds of crime. Provisional attachment requires recorded reasons to believe that immediate action is necessary, while challenges to the factual basis of that satisfaction are to follow statutory appellate remedies. Confirmation also requires the Adjudicating Authority to independently assess material and form the requisite belief.
PMLA attachment preceding a compromise decree takes priority where ownership has not been transferred in execution of the compromise terms; the decree does not create rights in the attached property. A single Member (Finance) may validly confirm attachment because the statutory scheme permits a single-member bench with appellate review on facts and law. Property acquired before the scheduled offence is not automatically immune from attachment if it constitutes proceeds of crime. Provisional attachment requires recorded reasons to believe that immediate action is necessary, while challenges to the factual basis of that satisfaction are to follow statutory appellate remedies. Confirmation also requires the Adjudicating Authority to independently assess material and form the requisite belief.
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