Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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The AT upheld the provisional attachment order against the appellant company, finding substantial evidence of money laundering activities. The tribunal determined that the company was involved in layering funds for PFI through suspicious financial transactions, with unexplained discrepancies of Rs. 90 lakhs in cash books. The court found reasonable apprehension of property concealment under Section 5(1) of PMLA, 2002, and concluded that the attached immovable properties were proceeds of crime connected to scheduled offences. The appellant failed to justify the source of funds or challenge the allegations effectively. Consequently, the appeal challenging the provisional attachment was dismissed, confirming the original order's legal validity.
The AT upheld the provisional attachment order against the appellant company, finding substantial evidence of money laundering activities. The tribunal determined that the company was involved in layering funds for PFI through suspicious financial transactions, with unexplained discrepancies of Rs. 90 lakhs in cash books. The court found reasonable apprehension of property concealment under Section 5(1) of PMLA, 2002, and concluded that the attached immovable properties were proceeds of crime connected to scheduled offences. The appellant failed to justify the source of funds or challenge the allegations effectively. Consequently, the appeal challenging the provisional attachment was dismissed, confirming the original order's legal validity.
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