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 appeals, upholding the ED's provisional attachment orders under PMLA. It held that ED's investigation is confined to the quantum of proceeds of crime and related procedural aspects, without re-examining the predicate offence findings of police/CBI. The retrospective application of PMLA was deemed valid, as attachment procedures existed pre-PMLA under CrPC and other statutes. The ED had sufficient reason to believe appellants possessed proceeds of crime, given evidence of financial fraud and misutilisation of loan funds. Properties of equivalent value were rightly attached despite no direct link to proceeds of crime, applying the extended definition under PMLA. Sham transactions to evade attachment were rejected, with claimants directed to seek relief in trial court. Claims of jewellery as stridhan lacked documentary proof and were reserved for trial court determination. The appeals were dismissed for lack of merit, affirming ED's attachment actions.
The AT dismissed the appeals, upholding the ED's provisional attachment orders under PMLA. It held that ED's investigation is confined to the quantum of proceeds of crime and related procedural aspects, without re-examining the predicate offence findings of police/CBI. The retrospective application of PMLA was deemed valid, as attachment procedures existed pre-PMLA under CrPC and other statutes. The ED had sufficient reason to believe appellants possessed proceeds of crime, given evidence of financial fraud and misutilisation of loan funds. Properties of equivalent value were rightly attached despite no direct link to proceeds of crime, applying the extended definition under PMLA. Sham transactions to evade attachment were rejected, with claimants directed to seek relief in trial court. Claims of jewellery as stridhan lacked documentary proof and were reserved for trial court determination. The appeals were dismissed for lack of merit, affirming ED's attachment actions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
