Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
The AT upheld the provisional attachment order under the Prevention of Money-Laundering framework, dismissing the appeals. The tribunal found that the assets of the director and relatives were properly treated as "proceeds of crime" within the statutory definition, including application of the second limb permitting attachment of property acquired prior to the offence when equivalent proceeds are unavailable or have been siphoned off. The AT declined to disturb the impugned order after applying settled judicial principles and authoritative precedent, concluding the attachment was justified on the record of alleged irregular loans, overvaluation and misappropriation. The appeals consequently fail and are dismissed.
The AT upheld the provisional attachment order under the Prevention of Money-Laundering framework, dismissing the appeals. The tribunal found that the assets of the director and relatives were properly treated as "proceeds of crime" within the statutory definition, including application of the second limb permitting attachment of property acquired prior to the offence when equivalent proceeds are unavailable or have been siphoned off. The AT declined to disturb the impugned order after applying settled judicial principles and authoritative precedent, concluding the attachment was justified on the record of alleged irregular loans, overvaluation and misappropriation. The appeals consequently fail and are dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
