Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
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Provisional attachment under the second proviso to section 5(1) is upheld where the officer records specific reasons to believe non-attachment would frustrate proceedings; the commentary rejects the appellant's excessive-attachment claim, noting FIR allegations are investigatory starting points and quantum of proceeds requires separate ED inquiry. The reverse burden under section 8(1) obliges the person served to substantiate lawful sources for attached property; failure to produce documentary evidence permits treating the asset as proceeds of crime. Income tax filings declaring tainted receipts do not negate PMLA liability. The article concludes the respondent established a money trail and the attachment and proposed confiscation stand undisplaced.
Provisional attachment under the second proviso to section 5(1) is upheld where the officer records specific reasons to believe non-attachment would frustrate proceedings; the commentary rejects the appellant's excessive-attachment claim, noting FIR allegations are investigatory starting points and quantum of proceeds requires separate ED inquiry. The reverse burden under section 8(1) obliges the person served to substantiate lawful sources for attached property; failure to produce documentary evidence permits treating the asset as proceeds of crime. Income tax filings declaring tainted receipts do not negate PMLA liability. The article concludes the respondent established a money trail and the attachment and proposed confiscation stand undisplaced.
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