Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
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Grant of anticipatory bail - Money Laundering - siphoning off of funds - The court interprets Section 3 of the PMLA Act, emphasizing that it encompasses individuals who knowingly assist or are involved in activities connected to proceeds of crime, regardless of their direct implication in the FIR. - The court concludes that the applicant's failure to appear before the court, despite the issuance of a warrant, further weakens his claim for anticipatory bail. Consequently, the court dismisses the anticipatory bail application and advises the applicant to surrender and apply for regular bail.
Grant of anticipatory bail - Money Laundering - siphoning off of funds - The court interprets Section 3 of the PMLA Act, emphasizing that it encompasses individuals who knowingly assist or are involved in activities connected to proceeds of crime, regardless of their direct implication in the FIR. - The court concludes that the applicant's failure to appear before the court, despite the issuance of a warrant, further weakens his claim for anticipatory bail. Consequently, the court dismisses the anticipatory bail application and advises the applicant to surrender and apply for regular bail.
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