Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
