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 ...
The Appellate Tribunal dismissed appeals challenging the interim order passed by the Adjudicating Authority under the Prevention of Money Laundering Act, 2002, retaining/seizing/freezing documents, digital records, and bank accounts. The Enforcement Directorate had filed a prosecution complaint, wherein the appellants and other family members were accused. The properties were mentioned for confiscation upon conviction in the complaint case. The Tribunal held the impugned order as an interim step to protect the assets until trial conclusion, finding no illegality. However, the appellants were entitled to copies of relied-upon documents/seized material and could apply for release of unrequired documents, considering the prosecution complaint filing.
The Appellate Tribunal dismissed appeals challenging the interim order passed by the Adjudicating Authority under the Prevention of Money Laundering Act, 2002, retaining/seizing/freezing documents, digital records, and bank accounts. The Enforcement Directorate had filed a prosecution complaint, wherein the appellants and other family members were accused. The properties were mentioned for confiscation upon conviction in the complaint case. The Tribunal held the impugned order as an interim step to protect the assets until trial conclusion, finding no illegality. However, the appellants were entitled to copies of relied-upon documents/seized material and could apply for release of unrequired documents, considering the prosecution complaint filing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
