Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
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The HC dismissed the appeal and refused to interfere with the Single Judge's order upholding the Provisional Attachment Order under the PMLA, affirming that writ jurisdiction under Article 226 must be exercised sparingly where an alternative efficacious remedy exists and only upon proof of mala fides, patent arbitrariness, or lack of jurisdiction. The Court held a PAO is a provisional safeguard for future PMLA proceedings and non-compliance with the first proviso to s.5(1) is not per se fatal to attachment proceedings. The Court found the designated authority had cogent material to believe proceeds of crime were invested and limited attachment to properties acquired during 2009-2014; quashing was denied.
The HC dismissed the appeal and refused to interfere with the Single Judge's order upholding the Provisional Attachment Order under the PMLA, affirming that writ jurisdiction under Article 226 must be exercised sparingly where an alternative efficacious remedy exists and only upon proof of mala fides, patent arbitrariness, or lack of jurisdiction. The Court held a PAO is a provisional safeguard for future PMLA proceedings and non-compliance with the first proviso to s.5(1) is not per se fatal to attachment proceedings. The Court found the designated authority had cogent material to believe proceeds of crime were invested and limited attachment to properties acquired during 2009-2014; quashing was denied.
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