Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The Appellate Tribunal addressed issues related to money laundering, proceeds of crime from smuggling narcotics and running extortion rackets. The case involved double attachment of properties under the Fugitive Economic Offenders Act, 2018. The Tribunal held that the attachment of properties was not justified as it led to double attachment, contrary to legal principles. The respondents' attempt to justify attachment based on alleged violations of Floor Space Index (FSI) was deemed inappropriate as FSI violations were not relevant to the case. The Tribunal emphasized that for property to be confirmed as involved in money laundering, the Adjudicating Authority must record a finding to that effect. Since the property in question had already been attached in another context, the Tribunal quashed the impugned orders of attachment and allowed the appeal.
The Appellate Tribunal addressed issues related to money laundering, proceeds of crime from smuggling narcotics and running extortion rackets. The case involved double attachment of properties under the Fugitive Economic Offenders Act, 2018. The Tribunal held that the attachment of properties was not justified as it led to double attachment, contrary to legal principles. The respondents' attempt to justify attachment based on alleged violations of Floor Space Index (FSI) was deemed inappropriate as FSI violations were not relevant to the case. The Tribunal emphasized that for property to be confirmed as involved in money laundering, the Adjudicating Authority must record a finding to that effect. Since the property in question had already been attached in another context, the Tribunal quashed the impugned orders of attachment and allowed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
