Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
The AT dismissed the appeal. The appellant company was found to be a sham entity established to launder proceeds of crime by an accused, Mr. Anurag Gupta. The ED complied with procedural requirements u/ss 5, 17 and 20 of PMLA for retaining seized properties prima facie involved in money laundering. The offence being independent, the appellant could be proceeded against despite not being named in the scheduled offence FIR/chargesheet, as it possessed unexplained proceeds of crime.
The AT dismissed the appeal. The appellant company was found to be a sham entity established to launder proceeds of crime by an accused, Mr. Anurag Gupta. The ED complied with procedural requirements u/ss 5, 17 and 20 of PMLA for retaining seized properties prima facie involved in money laundering. The offence being independent, the appellant could be proceeded against despite not being named in the scheduled offence FIR/chargesheet, as it possessed unexplained proceeds of crime.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
