Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Money laundering - scheduled offences or not - proceeds of crime - offences under various sections of the Income-tax Act, 1961, in conjunction with sections of the Indian Penal Code, 1860 (IPC) - The Supreme Court reiterated that the existence of a scheduled offence is a prerequisite for establishing proceeds of crime under the PMLA. Since the offences alleged in the complaint did not qualify as scheduled offences, the Court ruled out the presence of proceeds of crime and consequently, the applicability of Section 3 of the PMLA.
Money laundering - scheduled offences or not - proceeds of crime - offences under various sections of the Income-tax Act, 1961, in conjunction with sections of the Indian Penal Code, 1860 (IPC) - The Supreme Court reiterated that the existence of a scheduled offence is a prerequisite for establishing proceeds of crime under the PMLA. Since the offences alleged in the complaint did not qualify as scheduled offences, the Court ruled out the presence of proceeds of crime and consequently, the applicability of Section 3 of the PMLA.
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