Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Seeking grant of regular bail - the High court noted the absence of a predicate offense or ongoing investigation related to a scheduled offense, aligning with the Supreme Court's stance that prosecution under PMLA cannot proceed on assumption without a registered or pending scheduled offense. Meeting the twin conditions of Section 45(1)(ii) of the PMLA, the court was satisfied there were reasonable grounds to believe the petitioner was not guilty of the offense - Bail granted.
Seeking grant of regular bail - the High court noted the absence of a predicate offense or ongoing investigation related to a scheduled offense, aligning with the Supreme Court's stance that prosecution under PMLA cannot proceed on assumption without a registered or pending scheduled offense. Meeting the twin conditions of Section 45(1)(ii) of the PMLA, the court was satisfied there were reasonable grounds to believe the petitioner was not guilty of the offense - Bail granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
