Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Provisional attachment under the PMLA was upheld because investigative material furnished a reason to believe that the appellant participated in converting demonetized currency into gold/bullion, establishing a proximate link between seized currency and proceeds of crime; absence of the appellant's name in the FIR/ECIR did not bar attachment since PMLA proceedings depend on independent investigative material and statements recorded during the probe; attachment may extend to equivalent value of proceeds even where property was acquired earlier, and the prima facie case met the statutory threshold for sustaining provisional attachment.
Provisional attachment under the PMLA was upheld because investigative material furnished a reason to believe that the appellant participated in converting demonetized currency into gold/bullion, establishing a proximate link between seized currency and proceeds of crime; absence of the appellant's name in the FIR/ECIR did not bar attachment since PMLA proceedings depend on independent investigative material and statements recorded during the probe; attachment may extend to equivalent value of proceeds even where property was acquired earlier, and the prima facie case met the statutory threshold for sustaining provisional attachment.
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