Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
AT affirmed the provisional attachment order in a money laundering case involving fraudulent investment schemes. The tribunal rejected appellant's challenges, finding: (1) predicate offenses were substantiated through multiple FIRs and prosecution complaints, (2) section 420 IPC was a scheduled offense since 2009, and (3) substantial evidence existed showing over 200 crores fraudulently collected from public through deceptive housing and investment plans. The court emphasized that burden of proof lies with appellant to disclose property acquisition sources, and provisional attachment was justified under statutory provisions to prevent potential property concealment or transfer. Appeal was consequently dismissed, upholding the original attachment order.
AT affirmed the provisional attachment order in a money laundering case involving fraudulent investment schemes. The tribunal rejected appellant's challenges, finding: (1) predicate offenses were substantiated through multiple FIRs and prosecution complaints, (2) section 420 IPC was a scheduled offense since 2009, and (3) substantial evidence existed showing over 200 crores fraudulently collected from public through deceptive housing and investment plans. The court emphasized that burden of proof lies with appellant to disclose property acquisition sources, and provisional attachment was justified under statutory provisions to prevent potential property concealment or transfer. Appeal was consequently dismissed, upholding the original attachment order.
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