Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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...
The High Court examined whether it is appropriate to entertain a writ petition against a Provisional Attachment Order (PAO) issued under the Prevention of Money Laundering Act, 2002, before the statutory period of 30 days when the Adjudicating Authority is required to examine it. The Supreme Court has upheld the validity of Section 5 of the Act, finding adequate safeguards to give an opportunity to the aggrieved person to file objections before the Adjudicating Authority. The PAO is passed by the Director or authorized officer with reasons based on material in possession. Since sufficient remedies are available under the Act, the High Court held it inappropriate to entertain the petition before the 30-day period expires, except in rare and exceptional cases. The petitioner was relegated to avail alternative remedies, and the Adjudicating Authority was directed to expedite the matter without observations on merits.
The High Court examined whether it is appropriate to entertain a writ petition against a Provisional Attachment Order (PAO) issued under the Prevention of Money Laundering Act, 2002, before the statutory period of 30 days when the Adjudicating Authority is required to examine it. The Supreme Court has upheld the validity of Section 5 of the Act, finding adequate safeguards to give an opportunity to the aggrieved person to file objections before the Adjudicating Authority. The PAO is passed by the Director or authorized officer with reasons based on material in possession. Since sufficient remedies are available under the Act, the High Court held it inappropriate to entertain the petition before the 30-day period expires, except in rare and exceptional cases. The petitioner was relegated to avail alternative remedies, and the Adjudicating Authority was directed to expedite the matter without observations on merits.
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