Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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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.
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