Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
HC denied bail in a money laundering case, finding the applicant failed to satisfy the twin conditions under Section 45 of PMLA. The Court determined there was substantial evidence of the applicant's active participation in orchestrating a liquor scam, acquiring proceeds of crime, and maintaining strong nexus with co-accused. Despite the applicant's lengthy incarceration and trial delays, the Court held that the serious nature of allegations, completed investigation resulting in prosecution complaints spanning 20,000 pages, and the applicant's role as the orchestrator of the scheme outweighed considerations for bail. The bail application under Section 483 BNSS read with Section 45 PMLA was rejected.
HC denied bail in a money laundering case, finding the applicant failed to satisfy the twin conditions under Section 45 of PMLA. The Court determined there was substantial evidence of the applicant's active participation in orchestrating a liquor scam, acquiring proceeds of crime, and maintaining strong nexus with co-accused. Despite the applicant's lengthy incarceration and trial delays, the Court held that the serious nature of allegations, completed investigation resulting in prosecution complaints spanning 20,000 pages, and the applicant's role as the orchestrator of the scheme outweighed considerations for bail. The bail application under Section 483 BNSS read with Section 45 PMLA was rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
