Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The HC denied bail to the petitioner charged with money laundering under PMLA, finding substantial evidence of involvement in a property fraud syndicate through preparation of fake deeds, falsification of government records, and tampering with revenue registers. The court applied the twin conditions under Section 45 PMLA, concluding the petitioner failed to establish reasonable grounds for believing he was not guilty. The HC rejected the parity argument, distinguishing the petitioner's case from co-accused who received bail, noting their different roles per Tarun Kumar v. Assistant Director ED. The court emphasized that money laundering constitutes an independent offense from predicate crimes, focusing on the petitioner's direct involvement in activities connected with proceeds of crime.
The HC denied bail to the petitioner charged with money laundering under PMLA, finding substantial evidence of involvement in a property fraud syndicate through preparation of fake deeds, falsification of government records, and tampering with revenue registers. The court applied the twin conditions under Section 45 PMLA, concluding the petitioner failed to establish reasonable grounds for believing he was not guilty. The HC rejected the parity argument, distinguishing the petitioner's case from co-accused who received bail, noting their different roles per Tarun Kumar v. Assistant Director ED. The court emphasized that money laundering constitutes an independent offense from predicate crimes, focusing on the petitioner's direct involvement in activities connected with proceeds of crime.
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