Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
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The Punjab and Haryana High Court considered a petition seeking anticipatory bail in a money laundering case involving scheduled offences. The court analyzed the applicability of Section 45 of the PMLA in anticipatory bail and the legality of the ECIR. Referring to a Supreme Court judgment, the court emphasized that bail in economic offences must be granted sparingly due to their impact on society. It noted that the prosecution need not prove the charges beyond reasonable doubt for bail, but must establish a genuine case based on reasonable material. The court found that the petitioner did not meet the criteria for anticipatory bail under Section 45 of the PMLA and dismissed the petition. Additionally, the court validated the legality of the ECIR based on the registration of FIRs and highlighted that a person can be tried under the PMLA even if not directly accused in the predicate offence.
The Punjab and Haryana High Court considered a petition seeking anticipatory bail in a money laundering case involving scheduled offences. The court analyzed the applicability of Section 45 of the PMLA in anticipatory bail and the legality of the ECIR. Referring to a Supreme Court judgment, the court emphasized that bail in economic offences must be granted sparingly due to their impact on society. It noted that the prosecution need not prove the charges beyond reasonable doubt for bail, but must establish a genuine case based on reasonable material. The court found that the petitioner did not meet the criteria for anticipatory bail under Section 45 of the PMLA and dismissed the petition. Additionally, the court validated the legality of the ECIR based on the registration of FIRs and highlighted that a person can be tried under the PMLA even if not directly accused in the predicate offence.
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