Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Money Laundering - Validity of seizures, freezing, orders and of the consequential actions - The High Court found that the ED had followed the procedural requirements under the PMLA. The Deputy Director's reasons to believe were properly recorded, and the Assistant Director was duly authorized to conduct the searches and issue the freezing orders. The Court upheld the legality of the ED's actions, dismissing the petitioners' claims of procedural and authorization failures. - In conclusion, the Calcutta High Court dismissed the petition.
Money Laundering - Validity of seizures, freezing, orders and of the consequential actions - The High Court found that the ED had followed the procedural requirements under the PMLA. The Deputy Director's reasons to believe were properly recorded, and the Assistant Director was duly authorized to conduct the searches and issue the freezing orders. The Court upheld the legality of the ED's actions, dismissing the petitioners' claims of procedural and authorization failures. - In conclusion, the Calcutta High Court dismissed the petition.
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