CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
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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