Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Provisional attachment under the PMLA was upheld where transactional records, cash deposits and transfers linked the property acquisition to diversion of investor funds; the Tribunal found no satisfactory documentary explanation that funds were legitimate and rejected claims that the property pre-dated the predicate offence. The burden to prove legitimate source was not discharged given the husband's implicated role and lack of credible proof for alleged family payments or gold sale. Applying the statutory definition of value as fair market value at acquisition (or possession), the Tribunal concluded the valuation did not exceed proceeds of crime and confirmed the attachment.
Provisional attachment under the PMLA was upheld where transactional records, cash deposits and transfers linked the property acquisition to diversion of investor funds; the Tribunal found no satisfactory documentary explanation that funds were legitimate and rejected claims that the property pre-dated the predicate offence. The burden to prove legitimate source was not discharged given the husband's implicated role and lack of credible proof for alleged family payments or gold sale. Applying the statutory definition of value as fair market value at acquisition (or possession), the Tribunal concluded the valuation did not exceed proceeds of crime and confirmed the attachment.
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