Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC rejected bail for the applicant charged under Sections 3 & 4 of PMLA involving proceeds of crime exceeding 2000 crores. The court determined the applicant was a key player in a liquor syndicate that engaged in massive corruption within the Excise Department, causing substantial loss to the State Exchequer. Despite retraction statements by co-accused persons, the court found prima facie evidence of the applicant's involvement in money laundering activities. The applicant failed to satisfy the twin conditions under Section 45 of PMLA, as the ED established reasonable grounds to believe the applicant was guilty of the offense. The bail application under Section 483 of BNSS read with Section 45 of PMLA was accordingly rejected.
The HC rejected bail for the applicant charged under Sections 3 & 4 of PMLA involving proceeds of crime exceeding 2000 crores. The court determined the applicant was a key player in a liquor syndicate that engaged in massive corruption within the Excise Department, causing substantial loss to the State Exchequer. Despite retraction statements by co-accused persons, the court found prima facie evidence of the applicant's involvement in money laundering activities. The applicant failed to satisfy the twin conditions under Section 45 of PMLA, as the ED established reasonable grounds to believe the applicant was guilty of the offense. The bail application under Section 483 of BNSS read with Section 45 of PMLA was accordingly rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
