Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the complaint lacked sufficient grounds, as the predicate offense initiated by the CBI was pending, and there was no evidence linking the funds used for property purchase to proceeds of crime. However, the court upheld the constitutionality and interpretation of the PMLA as clarified by the Supreme Court in Vijay Madanlal Choudhary case. It emphasized that money laundering is a continuous process, and prosecution under the PMLA can be initiated independently of the status of the scheduled offense.
The High Court dismissed the petitions seeking to quash the criminal complaint under the Prevention of Money-Laundering Act, 2002 (PMLA). The petitioners argued that the complaint lacked sufficient grounds, as the predicate offense initiated by the CBI was pending, and there was no evidence linking the funds used for property purchase to proceeds of crime. However, the court upheld the constitutionality and interpretation of the PMLA as clarified by the Supreme Court in Vijay Madanlal Choudhary case. It emphasized that money laundering is a continuous process, and prosecution under the PMLA can be initiated independently of the status of the scheduled offense.
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