Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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The AT dismissed the appeal and upheld the impugned attachment order, holding that it is not the Tribunal's function to adjudicate civil title disputes and appellants cannot assert ownership before this forum while title remains sub judice in the competent civil court. The AT affirmed that attachment of equivalent property as "value" is a provisional, balancing measure to secure assets and preserve proceeds of crime for PMLA confiscation; mere prior acquisition does not preclude attachment. The Tribunal found no requirement of direct nexus where property is attached as value, rejected the contention of absent material for risk of concealment or frustration, and declined to interfere with the PAO.
The AT dismissed the appeal and upheld the impugned attachment order, holding that it is not the Tribunal's function to adjudicate civil title disputes and appellants cannot assert ownership before this forum while title remains sub judice in the competent civil court. The AT affirmed that attachment of equivalent property as "value" is a provisional, balancing measure to secure assets and preserve proceeds of crime for PMLA confiscation; mere prior acquisition does not preclude attachment. The Tribunal found no requirement of direct nexus where property is attached as value, rejected the contention of absent material for risk of concealment or frustration, and declined to interfere with the PAO.
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