Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The AT examined the attachment of properties allegedly linked to proceeds of crime. The tribunal found no substantive evidence connecting the properties to criminal proceeds. The appellant demonstrated legitimate source of funds through sale of shares in 2009, receiving Rs. 18.87 crores. Properties at A-20 Kailash Colony were legally purchased from M/s Libra Realtors and M/s Dewan Realtors through registered deed in 2015, with full consideration paid via banking channels. The AT concluded the provisional attachment order was incorrectly issued, constituting potential double attachment. Consequently, the tribunal set aside the attachment order, allowing the appellant's appeal and rejecting the respondent's claims of proceeds of crime.
The AT examined the attachment of properties allegedly linked to proceeds of crime. The tribunal found no substantive evidence connecting the properties to criminal proceeds. The appellant demonstrated legitimate source of funds through sale of shares in 2009, receiving Rs. 18.87 crores. Properties at A-20 Kailash Colony were legally purchased from M/s Libra Realtors and M/s Dewan Realtors through registered deed in 2015, with full consideration paid via banking channels. The AT concluded the provisional attachment order was incorrectly issued, constituting potential double attachment. Consequently, the tribunal set aside the attachment order, allowing the appellant's appeal and rejecting the respondent's claims of proceeds of crime.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
