Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The HC held that the petitioner is a bona fide purchaser who acquired the property before the predicate offence was registered. A bona fide purchaser who acquires property prior to any predicate offence cannot be subjected to proceedings under the PMLA without evidence of conspiracy or direct involvement. The impugned proceedings against the petitioner were held unsustainable in the peculiar facts of the case. The petition was allowed.
The HC held that the petitioner is a bona fide purchaser who acquired the property before the predicate offence was registered. A bona fide purchaser who acquires property prior to any predicate offence cannot be subjected to proceedings under the PMLA without evidence of conspiracy or direct involvement. The impugned proceedings against the petitioner were held unsustainable in the peculiar facts of the case. The petition was allowed.
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