PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
AT disposed of appeals regarding provisional attachment order under money laundering proceedings where appellant challenged quantification of proceeds of crime beyond specified offence period of May 2009 to August 2010. The tribunal declined to adjudicate on contentious issue of whether proceeds should be calculated based on excess production profits or environmental restoration costs, noting absence of judicial precedent or statutory provision. Appeals disposed of with liberty granted to appellant company to raise all material issues including period limitations and quantification methodology before Special Judge PMLA Court during trial proceedings where prosecution complaint under Sections 3 and 4 PMLA remains pending with charges yet to be framed.
AT disposed of appeals regarding provisional attachment order under money laundering proceedings where appellant challenged quantification of proceeds of crime beyond specified offence period of May 2009 to August 2010. The tribunal declined to adjudicate on contentious issue of whether proceeds should be calculated based on excess production profits or environmental restoration costs, noting absence of judicial precedent or statutory provision. Appeals disposed of with liberty granted to appellant company to raise all material issues including period limitations and quantification methodology before Special Judge PMLA Court during trial proceedings where prosecution complaint under Sections 3 and 4 PMLA remains pending with charges yet to be framed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
