Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Provisional attachment under the PMLA was upheld where the order itself recorded that the immovable property represented proceeds of crime, so there was no need for later supplementation of reasons. The Court held that attachment is confined to property having a nexus with the scheduled offence; property acquired before commission of the offence does not ordinarily fall within the definition of proceeds of crime, and equivalent-value attachment is limited to property derived from criminal activity taken or held outside India. However, the appellant failed to prove on the record that the attached property was in fact acquired before the alleged offence period, so the challenge to attachment failed.
Provisional attachment under the PMLA was upheld where the order itself recorded that the immovable property represented proceeds of crime, so there was no need for later supplementation of reasons. The Court held that attachment is confined to property having a nexus with the scheduled offence; property acquired before commission of the offence does not ordinarily fall within the definition of proceeds of crime, and equivalent-value attachment is limited to property derived from criminal activity taken or held outside India. However, the appellant failed to prove on the record that the attached property was in fact acquired before the alleged offence period, so the challenge to attachment failed.
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