Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Page of 4881
Press 'Enter' after typing page number.
101 to 120 of 97618 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
