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, upholding the Provisional Attachment Order (PAO) dated 31.03.2016 and confirming attachment of the impugned properties. The Tribunal rejected the appellants' contention that the PMLA could not be applied retrospectively, noting the account was declared NPA and frozen on 31.03.2005, the PMLA came into force on 01.07.2005, and the relevant offences were included as Scheduled Offences prior to issuance of the PAO. The AT found sufficient material that the appellants participated in transactions to conceal proceeds and effect undervalued sales to evade attachment, thereby validating invocation of PMLA provisions and dismissing the appeal.
The AT dismissed the appeal, upholding the Provisional Attachment Order (PAO) dated 31.03.2016 and confirming attachment of the impugned properties. The Tribunal rejected the appellants' contention that the PMLA could not be applied retrospectively, noting the account was declared NPA and frozen on 31.03.2005, the PMLA came into force on 01.07.2005, and the relevant offences were included as Scheduled Offences prior to issuance of the PAO. The AT found sufficient material that the appellants participated in transactions to conceal proceeds and effect undervalued sales to evade attachment, thereby validating invocation of PMLA provisions and dismissing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
