Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
HC invalidated search and seizure operations conducted at petitioner's residence under PMLA, 2002. Court held that mere suspicion of money laundering without substantive evidence violates statutory procedural safeguards. Despite proper authorization from Joint Director, the search lacked "reason to believe" standard required under Section 17(1). No prima facie evidence established petitioner's involvement in predicate offense of illegal site allotments during MUDA commissioner tenure. Subsequent summons under Section 50 and recorded statements were quashed as they stemmed from illegal search. Court emphasized protection of liberty and privacy rights under Article 21, granting petitioner liberty to pursue action under Section 62 PMLA for vexatious search.
HC invalidated search and seizure operations conducted at petitioner's residence under PMLA, 2002. Court held that mere suspicion of money laundering without substantive evidence violates statutory procedural safeguards. Despite proper authorization from Joint Director, the search lacked "reason to believe" standard required under Section 17(1). No prima facie evidence established petitioner's involvement in predicate offense of illegal site allotments during MUDA commissioner tenure. Subsequent summons under Section 50 and recorded statements were quashed as they stemmed from illegal search. Court emphasized protection of liberty and privacy rights under Article 21, granting petitioner liberty to pursue action under Section 62 PMLA for vexatious search.
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