Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
The HC dismissed the petition seeking quashing of an ECIR registered under Sections 3 and 4 of PMLA related to extortion alleged as proceeds of crime. The Court held that offenses under the scheduled crime and PMLA are independent, and pre-trial quashing based on similarities between MCOCA and PMLA provisions is unwarranted. Subjective claims by the petitioner regarding coercion and ignorance require trial adjudication and cannot be accepted as conclusive at this stage. The Court emphasized that the criminal justice process's filtration mechanism must operate, and premature interference would be inappropriate. Consequently, the petition to quash the ECIR and supplementary complaint was rejected.
The HC dismissed the petition seeking quashing of an ECIR registered under Sections 3 and 4 of PMLA related to extortion alleged as proceeds of crime. The Court held that offenses under the scheduled crime and PMLA are independent, and pre-trial quashing based on similarities between MCOCA and PMLA provisions is unwarranted. Subjective claims by the petitioner regarding coercion and ignorance require trial adjudication and cannot be accepted as conclusive at this stage. The Court emphasized that the criminal justice process's filtration mechanism must operate, and premature interference would be inappropriate. Consequently, the petition to quash the ECIR and supplementary complaint was rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
