Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
HC quashed the ECIR and summons issued to the petitioner under PMLA, finding no evidence of money laundering. The court determined that sites granted as compensation, which had already been surrendered and allotment canceled, could not constitute "proceeds of crime" as defined under Section 3 PMLA. Following precedent established in NATESHA that site allotments cannot be proceeds of crime, the court found the petitioner was not in possession, enjoyment, or usage of any proceeds of crime. While the ED could pursue investigations against others implicated in MUDA corruption, the petitioner could not be prosecuted under PMLA, though this ruling does not affect the predicate offense proceedings in Crime No. 11/2024.
HC quashed the ECIR and summons issued to the petitioner under PMLA, finding no evidence of money laundering. The court determined that sites granted as compensation, which had already been surrendered and allotment canceled, could not constitute "proceeds of crime" as defined under Section 3 PMLA. Following precedent established in NATESHA that site allotments cannot be proceeds of crime, the court found the petitioner was not in possession, enjoyment, or usage of any proceeds of crime. While the ED could pursue investigations against others implicated in MUDA corruption, the petitioner could not be prosecuted under PMLA, though this ruling does not affect the predicate offense proceedings in Crime No. 11/2024.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
