Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
The HC dismissed the applicant's bail petition under the PMLA, holding that the proviso and twin conditions of Section 45 were not satisfied. On the material before the court the applicant was prima facie implicated in an organised money-laundering syndicate, with evidence of deliberate concealment and financial interlinks; statements recorded under Section 50 were held admissible for bail assessment. Applying the statutory presumption in Section 24 and precedent on socio-economic offences, the court found reasonable grounds to believe the applicant's involvement and a risk of further offending if released. Accordingly, bail was denied.
The HC dismissed the applicant's bail petition under the PMLA, holding that the proviso and twin conditions of Section 45 were not satisfied. On the material before the court the applicant was prima facie implicated in an organised money-laundering syndicate, with evidence of deliberate concealment and financial interlinks; statements recorded under Section 50 were held admissible for bail assessment. Applying the statutory presumption in Section 24 and precedent on socio-economic offences, the court found reasonable grounds to believe the applicant's involvement and a risk of further offending if released. Accordingly, bail was denied.
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