Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Stakeholder-list modification permits liquidators to update entries on new information, subject to notifying the Adjudicating Authority within prescri...
The High Court dismissed the application challenging the freezing orders issued by the Enforcement Directorate u/ss 17 and 17(1-A) of the Prevention of Money Laundering Act, 2002. The Court held that the phrase "for the purposes of investigation" in the notice u/s 17(1-A) was sufficient justification for the Enforcement Directorate's actions, considering the financial trail linking the petitioner company to an entity under investigation. Section 17(1-A) allows freezing of property when seizure is not possible, while Section 17(2) mandates forwarding reasons and material to the Adjudicating Authority in a sealed envelope, preserving secrecy. The Court distinguished the present case from a previous matter where proceedings were stayed by the Supreme Court.
The High Court dismissed the application challenging the freezing orders issued by the Enforcement Directorate u/ss 17 and 17(1-A) of the Prevention of Money Laundering Act, 2002. The Court held that the phrase "for the purposes of investigation" in the notice u/s 17(1-A) was sufficient justification for the Enforcement Directorate's actions, considering the financial trail linking the petitioner company to an entity under investigation. Section 17(1-A) allows freezing of property when seizure is not possible, while Section 17(2) mandates forwarding reasons and material to the Adjudicating Authority in a sealed envelope, preserving secrecy. The Court distinguished the present case from a previous matter where proceedings were stayed by the Supreme Court.
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