Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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The High Court dismissed the criminal revision petition filed by the petitioners challenging the order rejecting their discharge petition in a money laundering case. The court held that there were prima facie materials showing illicit mining and generation of proceeds of crime valued at Rs. 261.89 crores. It observed that u/s 3 of the Prevention of Money Laundering Act, concealment of the proceeds of crime itself constitutes the offence of money laundering. The prosecution need not demonstrate the money trail or identify the proceeds of crime if they have been concealed. The court invoked the presumption u/s 24(b) of the Act against the petitioners, considering the quantum of money involved and the nature of allegations. The petitioners have to rebut the presumption during the trial. The High Court found no grounds to interfere with the well-reasoned order of the lower court rejecting the discharge petition.
The High Court dismissed the criminal revision petition filed by the petitioners challenging the order rejecting their discharge petition in a money laundering case. The court held that there were prima facie materials showing illicit mining and generation of proceeds of crime valued at Rs. 261.89 crores. It observed that u/s 3 of the Prevention of Money Laundering Act, concealment of the proceeds of crime itself constitutes the offence of money laundering. The prosecution need not demonstrate the money trail or identify the proceeds of crime if they have been concealed. The court invoked the presumption u/s 24(b) of the Act against the petitioners, considering the quantum of money involved and the nature of allegations. The petitioners have to rebut the presumption during the trial. The High Court found no grounds to interfere with the well-reasoned order of the lower court rejecting the discharge petition.
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