Provisional attachment fails without material showing likely concealment, transfer, or dealing that could frustrate confiscation of mortgaged property...
Works-contract goods transfers remain outside service tax, while qualifying lift irrigation works receive exemption and extended limitation cannot app...
Customs assessment information portal centralises rulings and guidance to promote consistent classification, valuation, transparency and informed comp...
Composite show-cause notices spanning multiple financial years are jurisdictionally invalid, allowing writ review despite an alternative appellate rem...
Provisional attachment of mortgaged property requires recorded...
Provisional attachment fails without material showing likely concealment, transfer, or dealing that could frustrate confiscation of mortgaged property.
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 of mortgaged property requires recorded material showing that proceeds of crime are likely to be concealed, transferred, or otherwise dealt with to frustrate confiscation. An interim restraint on creating third-party rights, without an auction notice under secured-recovery proceedings or an executable arbitral sale order, does not establish that statutory apprehension. The provisional attachment and its confirmation were set aside for failure to meet this condition, while the question whether the properties were proceeds of crime remained for separate proceedings. The properties continued to be subject to the final outcome of pending insolvency proceedings.
Provisional attachment of mortgaged property requires recorded material showing that proceeds of crime are likely to be concealed, transferred, or otherwise dealt with to frustrate confiscation. An interim restraint on creating third-party rights, without an auction notice under secured-recovery proceedings or an executable arbitral sale order, does not establish that statutory apprehension. The provisional attachment and its confirmation were set aside for failure to meet this condition, while the question whether the properties were proceeds of crime remained for separate proceedings. The properties continued to be subject to the final outcome of pending insolvency proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
