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...
AT determined that ED's property attachment was valid under PMLA. The tribunal held that properties can be considered proceeds of crime even if acquired prior to predicate offence, based on appellants' habitual criminal involvement and inability to prove legitimate income source. Appellants failed to discharge burden of proof under Section 24 regarding legal acquisition of assets. The tribunal rejected arguments challenging ED's power to provisionally attach properties before criminal conviction, emphasizing PMLA's objective of preventing asset dissipation. Consequently, the appellate tribunal dismissed the appeal, upholding ED's attachment of properties as proceeds of crime.
AT determined that ED's property attachment was valid under PMLA. The tribunal held that properties can be considered proceeds of crime even if acquired prior to predicate offence, based on appellants' habitual criminal involvement and inability to prove legitimate income source. Appellants failed to discharge burden of proof under Section 24 regarding legal acquisition of assets. The tribunal rejected arguments challenging ED's power to provisionally attach properties before criminal conviction, emphasizing PMLA's objective of preventing asset dissipation. Consequently, the appellate tribunal dismissed the appeal, upholding ED's attachment of properties as proceeds of crime.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
