Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
The dominant issue was whether a secured creditor's hypothecation interest in a vehicle could be protected despite provisional attachment under PMLA when the asset was partly funded by unexplained funds. Applying the principle that attachment statutes and creditor-protection provisions must be harmoniously construed to secure both alleged proceeds of crime and bona fide lending interests, the tribunal held that the loan-funded portion was supported by the bank's finance, but the balance paid from an account with unexplained deposits could not be treated as untainted. The bank's claim was held capable of protection under s.8(8) PMLA subject to good faith and reasonable precautions, and the bank was granted liberty to seek appropriate relief before the Special Court. - AT
The dominant issue was whether a secured creditor's hypothecation interest in a vehicle could be protected despite provisional attachment under PMLA when the asset was partly funded by unexplained funds. Applying the principle that attachment statutes and creditor-protection provisions must be harmoniously construed to secure both alleged proceeds of crime and bona fide lending interests, the tribunal held that the loan-funded portion was supported by the bank's finance, but the balance paid from an account with unexplained deposits could not be treated as untainted. The bank's claim was held capable of protection under s.8(8) PMLA subject to good faith and reasonable precautions, and the bank was granted liberty to seek appropriate relief before the Special Court. - AT
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