Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
Customs jurisdiction defined for Principal Commissioner, Vishakhapatnam, covering specified ports, districts and India's adjacent EEZ; effective on pu...
Construction of "proceeds of crime" and the offence under the PMLA was examined against allegations of large-scale illegal quarrying and related lease transactions; the court applied statutory definitions and precedents to hold that the complaint furnishes prima facie particulars linking the impugned property and lease dealings to laundering and thus discloses offences under the money laundering statute. Acquisition of property before the predicate offences was held not determinative where the complaint pleads subsequent use, transfer or lease for concealment and laundering. The extraordinary jurisdiction to quash was declined and the petition was dismissed; issues reserved for trial.
Construction of "proceeds of crime" and the offence under the PMLA was examined against allegations of large-scale illegal quarrying and related lease transactions; the court applied statutory definitions and precedents to hold that the complaint furnishes prima facie particulars linking the impugned property and lease dealings to laundering and thus discloses offences under the money laundering statute. Acquisition of property before the predicate offences was held not determinative where the complaint pleads subsequent use, transfer or lease for concealment and laundering. The extraordinary jurisdiction to quash was declined and the petition was dismissed; issues reserved for trial.
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