Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Appellate review of a regular-bail order under the PMLA is confined to whether the grant was illegal, perverse, arbitrary, based on irrelevant material, or made without considering relevant factors; it is distinct from cancellation of bail based on post-bail conduct or supervening circumstances. Bail-stage review cannot involve a detailed adjudication of evidence. The High Court found that the Special Court had considered the alleged proceeds of crime, the trial's non-commencement, and bail conditions, demonstrating application of mind. It dismissed the challenge because the alleged failure to satisfy the statutory twin conditions did not establish grounds to set aside the bail order.
Appellate review of a regular-bail order under the PMLA is confined to whether the grant was illegal, perverse, arbitrary, based on irrelevant material, or made without considering relevant factors; it is distinct from cancellation of bail based on post-bail conduct or supervening circumstances. Bail-stage review cannot involve a detailed adjudication of evidence. The High Court found that the Special Court had considered the alleged proceeds of crime, the trial's non-commencement, and bail conditions, demonstrating application of mind. It dismissed the challenge because the alleged failure to satisfy the statutory twin conditions did not establish grounds to set aside the bail order.
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