Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
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Provisional attachment under the PMLA was upheld because the controlling requirement is material showing possession of proceeds of crime linked to a scheduled offence, and the provision is not limited to persons named in the predicate case. The Court accepted that reasons to believe may be based on circumstantial material, including financial patterns, seized documents and Section 50 statements, and held that the burden under Section 24 shifted once the attached property was shown to be involved in money laundering. It also held that proceeds of crime includes value equivalent assets, so properties acquired before the offence period may be attached if the original tainted assets are unavailable. The challenge to the single-member coram was rejected.
Provisional attachment under the PMLA was upheld because the controlling requirement is material showing possession of proceeds of crime linked to a scheduled offence, and the provision is not limited to persons named in the predicate case. The Court accepted that reasons to believe may be based on circumstantial material, including financial patterns, seized documents and Section 50 statements, and held that the burden under Section 24 shifted once the attached property was shown to be involved in money laundering. It also held that proceeds of crime includes value equivalent assets, so properties acquired before the offence period may be attached if the original tainted assets are unavailable. The challenge to the single-member coram was rejected.
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