Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Money laundering case involving public funds looted through apps promising high returns. Petitioner argued trial court failed to consider evidence, violated natural justice principles. Court held bail order only prima facie view, not final decision. Strictly construed money laundering offence ingredients per Supreme Court precedent. Probative value of PMLA statement to be considered at trial stage. Bail cannot be denied merely assuming recovered property is proceeds of crime. WhatsApp chats indicating fund transfers not sufficient to cancel bail at this stage. ED's apprehensions about derailing investigation or flight risk mere apprehensions without substantial reasons. More stringent conditions can be imposed if needed. Transactions claimed as genuine business dealings, proceeds of crime already deposited. Frequent fund rotations disproportionate to business, PMLA statement authenticity to be examined at trial. Investigation completed, complaint filed, no material to cancel bail. Bail granted on relevant considerations. Petition dismissed.
Money laundering case involving public funds looted through apps promising high returns. Petitioner argued trial court failed to consider evidence, violated natural justice principles. Court held bail order only prima facie view, not final decision. Strictly construed money laundering offence ingredients per Supreme Court precedent. Probative value of PMLA statement to be considered at trial stage. Bail cannot be denied merely assuming recovered property is proceeds of crime. WhatsApp chats indicating fund transfers not sufficient to cancel bail at this stage. ED's apprehensions about derailing investigation or flight risk mere apprehensions without substantial reasons. More stringent conditions can be imposed if needed. Transactions claimed as genuine business dealings, proceeds of crime already deposited. Frequent fund rotations disproportionate to business, PMLA statement authenticity to be examined at trial. Investigation completed, complaint filed, no material to cancel bail. Bail granted on relevant considerations. Petition dismissed.
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