Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
HC denied bail in a money laundering case involving counterfeit anti-cancer drugs. The accused, a partner in a medicine hub, was arrested under PMLA for procuring and selling spurious medications including Keytruda and Opdyta. The Court found sufficient evidence through financial records, WhatsApp communications, and Section 50 PMLA statements demonstrating accused's involvement in illegal procurement and hawala transactions. The investigating agency established reasonable grounds for arrest per Section 19 PMLA, and accused failed to rebut presumption under Section 24. Court held twin conditions under Section 45 PMLA weren't satisfied given the gravity of offense, ongoing investigation, and substantial evidence linking accused to proceeds of crime through counterfeit medicine syndicate.
HC denied bail in a money laundering case involving counterfeit anti-cancer drugs. The accused, a partner in a medicine hub, was arrested under PMLA for procuring and selling spurious medications including Keytruda and Opdyta. The Court found sufficient evidence through financial records, WhatsApp communications, and Section 50 PMLA statements demonstrating accused's involvement in illegal procurement and hawala transactions. The investigating agency established reasonable grounds for arrest per Section 19 PMLA, and accused failed to rebut presumption under Section 24. Court held twin conditions under Section 45 PMLA weren't satisfied given the gravity of offense, ongoing investigation, and substantial evidence linking accused to proceeds of crime through counterfeit medicine syndicate.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
