Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC dismissed the petitioner's application for regular bail under the PMLA, finding a prima facie case of money laundering linked to commission received as bribes for tender allotments. The petitioner, a former Cabinet Minister, was implicated through evidence showing a 1.35% commission share routed via his personal secretary. Statements recorded under Section 50 of the PMLA were held admissible and strongly implicated the petitioner. The Court emphasized the stringent twin conditions under Section 45 of the PMLA for bail, requiring reasonable grounds to believe the accused is not guilty and unlikely to reoffend, which were not met. The principle of parity was rejected as the petitioner's involvement was distinguishable and more direct than co-accused who had been granted bail. The Court concurred with the trial court's view that no exceptional circumstances justified bail, concluding the petitioner failed to establish entitlement to bail.
The HC dismissed the petitioner's application for regular bail under the PMLA, finding a prima facie case of money laundering linked to commission received as bribes for tender allotments. The petitioner, a former Cabinet Minister, was implicated through evidence showing a 1.35% commission share routed via his personal secretary. Statements recorded under Section 50 of the PMLA were held admissible and strongly implicated the petitioner. The Court emphasized the stringent twin conditions under Section 45 of the PMLA for bail, requiring reasonable grounds to believe the accused is not guilty and unlikely to reoffend, which were not met. The principle of parity was rejected as the petitioner's involvement was distinguishable and more direct than co-accused who had been granted bail. The Court concurred with the trial court's view that no exceptional circumstances justified bail, concluding the petitioner failed to establish entitlement to bail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
