Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Section 44(1)(c) of the PMLA requires the court taking cognizance of the scheduled offence to commit that case to the PMLA Special Court, and the court has no discretion to refuse transfer on grounds of delay or an advanced stage of trial. Relying on Supreme Court authority, the High Court held that the statutory scheme mandates a common competent Special Court for the money-laundering complaint and the connected predicate offence. On the special facts, the predicate offence court was also a designated PMLA Special Court and therefore competent to try both matters, so the PMLA complaint was directed to be transferred there, while the broader jurisdictional question was left open.
Section 44(1)(c) of the PMLA requires the court taking cognizance of the scheduled offence to commit that case to the PMLA Special Court, and the court has no discretion to refuse transfer on grounds of delay or an advanced stage of trial. Relying on Supreme Court authority, the High Court held that the statutory scheme mandates a common competent Special Court for the money-laundering complaint and the connected predicate offence. On the special facts, the predicate offence court was also a designated PMLA Special Court and therefore competent to try both matters, so the PMLA complaint was directed to be transferred there, while the broader jurisdictional question was left open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
