Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Bail under the PMLA remains subject to the twin conditions, but those conditions operate on a prima facie assessment and are not an absolute bar. On the material considered, the applicant was not alleged to be involved in the predicate offence and was said only to have converted proceeds of crime into cryptocurrency after the principal offence. As there was no allegation of concealment, possession, acquisition, use, or projection of tainted property as untainted money, the Court treated the money-laundering case as derivative of the scheduled offence and found continued custody unwarranted. Prolonged pre-trial detention and the unlikely early conclusion of trial also engaged Article 21 speedy trial concerns, supporting regular bail.
Bail under the PMLA remains subject to the twin conditions, but those conditions operate on a prima facie assessment and are not an absolute bar. On the material considered, the applicant was not alleged to be involved in the predicate offence and was said only to have converted proceeds of crime into cryptocurrency after the principal offence. As there was no allegation of concealment, possession, acquisition, use, or projection of tainted property as untainted money, the Court treated the money-laundering case as derivative of the scheduled offence and found continued custody unwarranted. Prolonged pre-trial detention and the unlikely early conclusion of trial also engaged Article 21 speedy trial concerns, supporting regular bail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
