Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Provisional attachment under the PMLA may extend to movable and immovable assets traced to diverted Government funds when investigation links the money to scheduled offences and subsequent acquisition of property. The text explains that proceeds of crime include assets acquired from tainted funds, and that money-laundering is a continuing offence covering the holding, transfer or use of such proceeds even where the original diversion began earlier. It also states that attachment can apply to persons not arraigned in the predicate offence if they possess or deal with tainted property, and that proceedings may continue through legal representatives after the death of the property owner. Covid-19 limitation exclusions were treated as applicable to the confirmation period.
Provisional attachment under the PMLA may extend to movable and immovable assets traced to diverted Government funds when investigation links the money to scheduled offences and subsequent acquisition of property. The text explains that proceeds of crime include assets acquired from tainted funds, and that money-laundering is a continuing offence covering the holding, transfer or use of such proceeds even where the original diversion began earlier. It also states that attachment can apply to persons not arraigned in the predicate offence if they possess or deal with tainted property, and that proceedings may continue through legal representatives after the death of the property owner. Covid-19 limitation exclusions were treated as applicable to the confirmation period.
Note: It is a system-generated summary and is for quick reference only.
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