Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Money Laundering - illegal mining of granite, causing damages to human life and properties using explosives - scheduled offences - The High Court clarified that the Prevention of Money Laundering Act (PMLA) is a standalone legislation aimed at addressing money laundering activities, irrespective of the nature of the predicate offense. It affirmed that simultaneous investigation and prosecution under PMLA and the predicate offense are permissible. - The Court concluded that the prosecution failed to establish a direct link between the properties in question and the proceeds of the predicate offense. It found no evidence indicating that the accused persons were in possession or enjoyment of the properties acquired through illegal means. - Consequently, it quashed the complaint against certain accused persons, highlighting the lack of evidence connecting them to the alleged illegal activities.
Money Laundering - illegal mining of granite, causing damages to human life and properties using explosives - scheduled offences - The High Court clarified that the Prevention of Money Laundering Act (PMLA) is a standalone legislation aimed at addressing money laundering activities, irrespective of the nature of the predicate offense. It affirmed that simultaneous investigation and prosecution under PMLA and the predicate offense are permissible. - The Court concluded that the prosecution failed to establish a direct link between the properties in question and the proceeds of the predicate offense. It found no evidence indicating that the accused persons were in possession or enjoyment of the properties acquired through illegal means. - Consequently, it quashed the complaint against certain accused persons, highlighting the lack of evidence connecting them to the alleged illegal activities.
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