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...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Legal case related to money laundering and attachment of properties. It discusses the evolving definition of 'proceeds of crime' under the 2002 Act, allowing authorities to attach properties equivalent in value even if not directly derived from criminal activities. The court upheld the provisional attachment order, stating the authorized officer fulfilled the 'reason to believe' requirement based on seized electronic records and fake e-Rawana bills. It clarified that filing a report under CrPC 173 is not mandatory for provisional attachment. The court interpreted the word 'immediately' as directory rather than mandatory and found no merit in quashing the order, given the availability of an adjudication process and alternative remedies. Disputed factual questions regarding illegal mining activities and NGT penalties were also mentioned.
Legal case related to money laundering and attachment of properties. It discusses the evolving definition of 'proceeds of crime' under the 2002 Act, allowing authorities to attach properties equivalent in value even if not directly derived from criminal activities. The court upheld the provisional attachment order, stating the authorized officer fulfilled the 'reason to believe' requirement based on seized electronic records and fake e-Rawana bills. It clarified that filing a report under CrPC 173 is not mandatory for provisional attachment. The court interpreted the word 'immediately' as directory rather than mandatory and found no merit in quashing the order, given the availability of an adjudication process and alternative remedies. Disputed factual questions regarding illegal mining activities and NGT penalties were also mentioned.
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