Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
The petitioner was granted bail by the High Court in a money laundering case under the Prevention of Money Laundering Act (PMLA). The court held that the Enforcement Directorate (ED) must establish foundational facts, after which the burden shifts to the accused to rebut the presumption u/s 24 of the PMLA. Statements recorded u/s 50 of the PMLA while the accused was in custody are inadmissible against the maker and can only provide corroboration. The alleged cash payment of Rs. 1.50 crores to the petitioner was not substantiated. The court observed that prolonged incarceration before being pronounced guilty violates Article 21 of the Constitution, and constitutional courts must lean towards constitutionalism and rule of law. Considering the circumstances, the petitioner was granted bail upon furnishing a bond of Rs. 10,00,000/- with stringent conditions.
The petitioner was granted bail by the High Court in a money laundering case under the Prevention of Money Laundering Act (PMLA). The court held that the Enforcement Directorate (ED) must establish foundational facts, after which the burden shifts to the accused to rebut the presumption u/s 24 of the PMLA. Statements recorded u/s 50 of the PMLA while the accused was in custody are inadmissible against the maker and can only provide corroboration. The alleged cash payment of Rs. 1.50 crores to the petitioner was not substantiated. The court observed that prolonged incarceration before being pronounced guilty violates Article 21 of the Constitution, and constitutional courts must lean towards constitutionalism and rule of law. Considering the circumstances, the petitioner was granted bail upon furnishing a bond of Rs. 10,00,000/- with stringent conditions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
