Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Arrest order challenged u/s 19(3) of Prevention of Money Laundering Act (PMLA), 2002. Court held PMLA prevails as special enactment over general law. Section 65 allows application of Criminal Procedure Code provisions not inconsistent with PMLA for arrest, investigation, etc. Respondents followed PMLA procedures for arrest, no infirmity found. If person already in judicial custody for one case, can be formally arrested for subsequent case investigation. Section 19(3) PMLA requirements complied with, no violation. Petition dismissed as devoid of merits.
Arrest order challenged u/s 19(3) of Prevention of Money Laundering Act (PMLA), 2002. Court held PMLA prevails as special enactment over general law. Section 65 allows application of Criminal Procedure Code provisions not inconsistent with PMLA for arrest, investigation, etc. Respondents followed PMLA procedures for arrest, no infirmity found. If person already in judicial custody for one case, can be formally arrested for subsequent case investigation. Section 19(3) PMLA requirements complied with, no violation. Petition dismissed as devoid of merits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
