Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Benami transaction - possession of a significant amount of cash - Validity of summoning order - The High Court found merit in the applicant's arguments, emphasizing the lack of sufficient grounds for prosecution under Section 53 of the PBPT Act. It noted the absence of allegations regarding the intention to defeat legal provisions or evade dues in the complaint, rendering the summoning order devoid of legal basis. Emphasizing the seriousness of summoning an accused, the Court granted interim relief, staying further proceedings pending full consideration of the matter.
Benami transaction - possession of a significant amount of cash - Validity of summoning order - The High Court found merit in the applicant's arguments, emphasizing the lack of sufficient grounds for prosecution under Section 53 of the PBPT Act. It noted the absence of allegations regarding the intention to defeat legal provisions or evade dues in the complaint, rendering the summoning order devoid of legal basis. Emphasizing the seriousness of summoning an accused, the Court granted interim relief, staying further proceedings pending full consideration of the matter.
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