Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
HC held that the provisional attachment under the PMLA is a two-stage scheme: the ED may provisionally attach property upon recording cogent reasons to believe, but confirmation is subject to independent adjudication by the Adjudicating Authority under s.8. The Adjudicating Authority performs quasi-judicial functions and must afford notice, hearing, evidence and reasoned determination. Where notice/summons for adjudication under s.5(3) issued beyond the 180-day period and the summons/notice expired without adjudicatory action under s.8(3), the extension principles applicable to quasi-judicial limitation periods apply; accordingly the petition challenging the attachment was disposed of consistent with those legal tenets.
HC held that the provisional attachment under the PMLA is a two-stage scheme: the ED may provisionally attach property upon recording cogent reasons to believe, but confirmation is subject to independent adjudication by the Adjudicating Authority under s.8. The Adjudicating Authority performs quasi-judicial functions and must afford notice, hearing, evidence and reasoned determination. Where notice/summons for adjudication under s.5(3) issued beyond the 180-day period and the summons/notice expired without adjudicatory action under s.8(3), the extension principles applicable to quasi-judicial limitation periods apply; accordingly the petition challenging the attachment was disposed of consistent with those legal tenets.
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