Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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.
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