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...
The Delhi High Court dismissed a Public Interest Litigation alleging money laundering and tax evasion through undervalued share transfer. The Petitioner sought investigation into share sale valuation, but as the IT Department had examined it during Respondent No. 7's block assessment without adverse findings, no further directions were deemed necessary. The Court noted a previous petition by the same Petitioner against a common Respondent was dismissed as motivated, leading to the opinion that entertaining the present PIL did not serve the cause of justice or PIL objectives. The petition was dismissed.
The Delhi High Court dismissed a Public Interest Litigation alleging money laundering and tax evasion through undervalued share transfer. The Petitioner sought investigation into share sale valuation, but as the IT Department had examined it during Respondent No. 7's block assessment without adverse findings, no further directions were deemed necessary. The Court noted a previous petition by the same Petitioner against a common Respondent was dismissed as motivated, leading to the opinion that entertaining the present PIL did not serve the cause of justice or PIL objectives. The petition was dismissed.
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