Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
AT dismissed the appeal challenging a provisional attachment order under the PMLA, holding that the impugned properties constituted proceeds of crime derived from scheduled offences involving fraudulent loan obtainment. The Tribunal found the underlying decree was obtained ex parte, the bank suffered pecuniary loss, and a prima facie quid pro quo nexus existed through a contrived chain of transfers among interconnected accounts. Transfers to an intermediary and subsequent conveyance to the Appellant were held to be sham, with consideration routed back the same day, evidencing an attempt to disguise illicit receipts. Consequently the attachment was sustained as lawful and the appellate challenge unsustainable, and the appeal was dismissed.
AT dismissed the appeal challenging a provisional attachment order under the PMLA, holding that the impugned properties constituted proceeds of crime derived from scheduled offences involving fraudulent loan obtainment. The Tribunal found the underlying decree was obtained ex parte, the bank suffered pecuniary loss, and a prima facie quid pro quo nexus existed through a contrived chain of transfers among interconnected accounts. Transfers to an intermediary and subsequent conveyance to the Appellant were held to be sham, with consideration routed back the same day, evidencing an attempt to disguise illicit receipts. Consequently the attachment was sustained as lawful and the appellate challenge unsustainable, and the appeal was dismissed.
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