Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Seeking grant of bail - Money Laundering - The case revolves around multiple FIRs implicating the firm M/s. Vikas Construction and related entities. Despite the applicant's claims of no involvement, substantial evidence of financial transactions linked the applicant to proceeds of crime. The court scrutinized these transactions and found patterns indicative of money laundering. Applying the twin conditions of Section 45 of the PMLA, the court concluded that the applicant failed to demonstrate he was not guilty and posed risks if released on bail. Consequently, the court rejected the bail application.
Seeking grant of bail - Money Laundering - The case revolves around multiple FIRs implicating the firm M/s. Vikas Construction and related entities. Despite the applicant's claims of no involvement, substantial evidence of financial transactions linked the applicant to proceeds of crime. The court scrutinized these transactions and found patterns indicative of money laundering. Applying the twin conditions of Section 45 of the PMLA, the court concluded that the applicant failed to demonstrate he was not guilty and posed risks if released on bail. Consequently, the court rejected the bail application.
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TaxTMI 
TaxTMI 
of 4916 
