Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
