Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The AT dismissed the appeal challenging the provisional attachment of property under the Prevention of Money Laundering Act. The appellant admitted receipt of Rs. 9.5 crores from the accused, characterized as proceeds of crime linked to the preparation of fake bills of entry and foreign remittances. Despite the appellant's claim that the amount was a bona fide loan, no loan documentation or evidence of repayment was produced. The Tribunal held that the admitted receipt of criminal proceeds justified attachment to secure the property pending trial. The appellant's role as director of the associated entity and the corroborative statements further supported the attachment. No grounds for interference with the impugned order were found, and the appeal was accordingly dismissed.
The AT dismissed the appeal challenging the provisional attachment of property under the Prevention of Money Laundering Act. The appellant admitted receipt of Rs. 9.5 crores from the accused, characterized as proceeds of crime linked to the preparation of fake bills of entry and foreign remittances. Despite the appellant's claim that the amount was a bona fide loan, no loan documentation or evidence of repayment was produced. The Tribunal held that the admitted receipt of criminal proceeds justified attachment to secure the property pending trial. The appellant's role as director of the associated entity and the corroborative statements further supported the attachment. No grounds for interference with the impugned order were found, and the appeal was accordingly dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
