Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Money Laundering - Limitations of Enforcement Directorate's Powers under PMLA - The High Court found no overreach in the ED's actions, stating that the ED was within its rights to share information with the police for further action, and that the communication did not amount to a directive to register an FIR but was merely sharing of information based on credible evidence of illegal activities. - The Court found that the FIR was based on predicate offenses cognizable under the IPC, and the subsequent actions by the ED and police were in accordance with their statutory duties.
Money Laundering - Limitations of Enforcement Directorate's Powers under PMLA - The High Court found no overreach in the ED's actions, stating that the ED was within its rights to share information with the police for further action, and that the communication did not amount to a directive to register an FIR but was merely sharing of information based on credible evidence of illegal activities. - The Court found that the FIR was based on predicate offenses cognizable under the IPC, and the subsequent actions by the ED and police were in accordance with their statutory duties.
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