Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
AT determined appellants failed to substantiate legitimate income sources for property acquisitions between 1980-2013. Bank account scrutiny and investigation revealed significant cash deposits and property purchases without verifiable financial origins. Despite claims of gifts and agricultural income, no credible evidence was presented to justify asset accumulation. The tribunal found properties in names of multiple family members were acquired through undisclosed funds, rendering attachment under PMLA Section 5(1) valid. Consequently, the appellants' challenges were rejected, and all appeals were summarily dismissed, confirming the original property attachment order.
AT determined appellants failed to substantiate legitimate income sources for property acquisitions between 1980-2013. Bank account scrutiny and investigation revealed significant cash deposits and property purchases without verifiable financial origins. Despite claims of gifts and agricultural income, no credible evidence was presented to justify asset accumulation. The tribunal found properties in names of multiple family members were acquired through undisclosed funds, rendering attachment under PMLA Section 5(1) valid. Consequently, the appellants' challenges were rejected, and all appeals were summarily dismissed, confirming the original property attachment order.
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