Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
AT dismissed the appeals and upheld retention of the appellant's frozen bank accounts pending trial. The Tribunal found sufficient prima facie evidence linking the appellant and associated corporate entities to an alleged Ponzi/MLM money-circulation scheme, including benami firm usage, routing of proceeds through related companies and personal accounts, recovery of incriminating material on search, and receipt of large "commissions." The appellant failed to discharge the statutory obligation under s.8(1) of the Act to explain the source of funds; statements under ss.50(2)-50(3) were treated as corroborative. On these findings, AT concluded continued attachment of funds was justified and dismissed the appeals for lack of merit.
AT dismissed the appeals and upheld retention of the appellant's frozen bank accounts pending trial. The Tribunal found sufficient prima facie evidence linking the appellant and associated corporate entities to an alleged Ponzi/MLM money-circulation scheme, including benami firm usage, routing of proceeds through related companies and personal accounts, recovery of incriminating material on search, and receipt of large "commissions." The appellant failed to discharge the statutory obligation under s.8(1) of the Act to explain the source of funds; statements under ss.50(2)-50(3) were treated as corroborative. On these findings, AT concluded continued attachment of funds was justified and dismissed the appeals for lack of merit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
