Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The petitioner sought regular bail in a money laundering case alleging that he had projected and concealed proceeds of crime related to a scheduled offense. The court observed that the petitioner was not involved in the predicate offense but was roped in for laundering the proceeds generated by others. While 14 main accused, including MPs and MLAs, were not arrested, the petitioner's role was limited to acquiring land worth Rs. 10.83 lakhs and subsequently transferring the company for Rs. 1 crore. The court noted that the petitioner's role was minuscule, and parity is not essential in granting bail. The prosecution failed to quantify the proceeds of crime exceeding Rs. 1 crore, exempting the petitioner from satisfying twin conditions u/s 45 of PMLA for bail. The petitioner was not a flight risk, cooperated with investigations, and did not tamper with evidence. Satisfying the triple test, the HC allowed the bail application and directed the petitioner's release subject to conditions.
The petitioner sought regular bail in a money laundering case alleging that he had projected and concealed proceeds of crime related to a scheduled offense. The court observed that the petitioner was not involved in the predicate offense but was roped in for laundering the proceeds generated by others. While 14 main accused, including MPs and MLAs, were not arrested, the petitioner's role was limited to acquiring land worth Rs. 10.83 lakhs and subsequently transferring the company for Rs. 1 crore. The court noted that the petitioner's role was minuscule, and parity is not essential in granting bail. The prosecution failed to quantify the proceeds of crime exceeding Rs. 1 crore, exempting the petitioner from satisfying twin conditions u/s 45 of PMLA for bail. The petitioner was not a flight risk, cooperated with investigations, and did not tamper with evidence. Satisfying the triple test, the HC allowed the bail application and directed the petitioner's release subject to conditions.
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