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 bail application under the PMLA and directed continued custody. The court held that the statutory twin conditions in Section 45 were not satisfied: it was not satisfied that there were reasonable grounds for belief of the petitioner's innocence nor that the petitioner would not commit an offence while on bail. Statements recorded under Section 50 implicated the petitioner in acquisition, possession, concealment and facilitation of proceeds of crime and in assisting fabrication of documents to acquire property. Given the serious statutory scheme, the wide ambit of Section 3 and absence of exceptional circumstances, delay in custody did not justify grant of bail.
The HC dismissed the petitioner's bail application under the PMLA and directed continued custody. The court held that the statutory twin conditions in Section 45 were not satisfied: it was not satisfied that there were reasonable grounds for belief of the petitioner's innocence nor that the petitioner would not commit an offence while on bail. Statements recorded under Section 50 implicated the petitioner in acquisition, possession, concealment and facilitation of proceeds of crime and in assisting fabrication of documents to acquire property. Given the serious statutory scheme, the wide ambit of Section 3 and absence of exceptional circumstances, delay in custody did not justify grant of bail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
